Industri

grabein
12.07.2018 kl 19:00 21906

China has its currency to use as a weapon in trade war with Trump

- China's currency fell to a near 11-month low after the Trump administration's announcement of a new round of tariffs on $200 billion in goods.

- Strategists said China has not intentionally driven down the yuan, but it is not taking actions it often takes to stabilize it.

- The currency has lost 4 percent since mid-June, and a cheaper currency could be used as a weapon in the trade war by cheapening Chinese goods.

...

https://www.cnbc.com/2018/07/11/china-stands-by-as-currency-falls-in-passive-aggressive-trade-war-.html

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