Reflecting the Trump Administration’s aggressive approach to U.S. trade policy, the Commerce Department has finalized a controversial proposal laying out when counter-vailing duties may be imposed to punish nations found to use exchange rates to gain undue advantage.  The final standard is little altered from the proposal which the Treasury Department reportedly opposed, reiterating as it does that the International Trade Administration (ITA) will respect Treasury currency-manipulation designations but in no way be guided by them.

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