As a general rule, the most successful man in life is the man who has the best information
by Richard (Rick) Mills
Ahead of the Herd
The Trump administration has just granted its Commerce Department sweeping powers to slap tariffs on countries it decides are manipulating their currencies to the detriment of the United States and its exporting companies.
For some this will come as news; at AOTH, it is confirmation that our earlier warning, reported here, has come true.
In our article ‘US prepares for currency war’, we warned readers about these new powers when they were first proposed by the US government several months ago, amid its trade war with China.
The Commerce Department now says it will proceed with the plan, which gives Commerce a wide scope of power to decide whether or not a country is under-cutting US exporters by keeping its currency artificially low.