India likely to be hit as US considers duties on countries that undervalue currency
Updated : May 24, 2019 11:39 AM IST
The new rule also could put goods from other countries at risk of higher tariffs, including Japan, South Korea, India, Germany and Switzerland.
The department said its proposed rule would amend the normal countervailing duty process to include new criteria for currency undervaluation.
Trump administration officials have long viewed China's yuan as undervalued against the dollar, despite the US-China trade war, which foreign currency experts say has hurt the yuan's value."