Us New Regulation: To Introduce Countervailing Duty On Undervaluation Of State Commodity

The US Department of Commerce issued a new regulation on the 3 day, which will impose countervailing duty on goods imported from the "undervalued currency" country, which is strongly opposed by the economist. According to this regulation, if the Ministry of Commerce decides that a country's exchange rate undervaluation constitutes a "countervailing subsidy" for export commodities, and the US International Trade Commission finds that it damages the domestic industry of the United States, the US Department of Commerce will levy countervailing duty. Regarding the criteria for determining the undervaluation of the exchange rate, the US Department of Commerce said it would normally listen to the professional advice of the US Treasury Department, but because the standards adopted and the legal framework adopted were different, the results may be inconsistent.