PETALING JAYA: The US-China trade war has gone from bad to worse after China turned the tables on US President Donald Trump by allowing the yuan to fall to its lowest level in a decade and ordered its state-owned companies to halt agricultural product imports from the world’s biggest economy.
The apparent tit-for-tat reaction against Trump’s recent announcement on a 10% tariff on US$300bil worth of imports from China,on top of escalating tensions in the Middle East and another week of street protests in Hong Kong,have further devastated the stock markets.
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