U.S. administration sanctions countries using low exchange rates

US Department of Commerce says sanction plans for countries with weak exchange rates continue The Trump administration continued to continue controversial sanctions on the products of countries accused of using currency below its value, the U.S. Department of Commerce said on Monday. This move has strengthened US complaints in the past, including the Chinese and Japanese economies, and even about currency manipulation. This will turn the global currency market, which has a daily volume of 6 trillion dollars, into a new front in the trade war of the Trump administration. This will allow the US to grant compensatory responsibilities to countries accused of exchange manipulation, even if they are not officially guilty by the Treasury Department. The former administrations opposed Congress' calls for such an expulsion, and some industries were concerned that this would turn into brief tariffs. With the onset of the global financial crisis 10 years ago, policymakers accused Brazil and the Fed, for example, by helping the US recover more quickly by weakening the dollar through monetary policy.