It’s hard to imagine a scenario with 100% US tariffs on China that does not involve some devaluation of the yuan. — AFP
CURRENCY markets have struggled all year to decide whether Washington’s trade war is good or bad for the US dollar. Beijing may make up their minds for them.
Whatever President Donald Trump plans next in his worldwide “reciprocal” tariff attack, the extreme targeting of Chinese imports and China’s instant retaliation puts the Sino-America trade battle on a different plane.
