The Trump administration is assessing the scope of its power to penalize countries whose currencies it believes are undervalued, CNBC reported, citing two people with direct knowledge of the review. President Trump so far has not made good on his promise to label China as a currency manipulator on day one of his presidency. One law the administration is looking at is the Trade Enforcement and Trade Facilitation Act, the report said, which would allow the president to block future federal contracts with those countries and to choke off government financing for U.S. businesses seeking to invest there.
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