The trade war’s August escalation has spooked markets -- and central banks -- around the world. The bad news, though, is that while President Donald Trump has fired two large weapons in the past week by green-lighting his biggest swathe of tariffs yet and formally branding China a currency manipulator, his arsenal is far from exhausted.
The loudest shot Trump could take may be the one that he increasingly appears focused on: weaponising the dollar, the world’s reserve currency.
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