Economics
Trump's Currency War Plan Puts Treasury and Commerce at Odds
- Proposal marks shift toward a weak dollar policy, experts say
- Commerce gives industry until June 27 to share its input
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President Donald Trump is poised to turn the $5.1 trillion-a-day global currency market into the next battlefield in his trade war with a proposal that has set two U.S. government agencies on a collision course.
A Commerce Department proposal to impose countervailing tariffs on countries that it determines have devalued their currencies has alarmed officials at the Treasury Department, according to four people familiar with the matter. They are wary of market disruptions and a politicization of foreign-exchange policy, among other concerns, the people said.