The trade war intensified Monday, as Beijing allowed its currency to weaken and the Treasury Department labeled China a currency manipulator.
Tag: Renminbi (Currency)
China’s Currency Weakens in a Potential Challenge to Trump
The renminbi fell past the key point of 7 to the U.S. dollar, in a signal that Beijing may be willing to use devaluation as a trade war weapon.
As Trade War Rages, China’s Sway Over the U.S. Fades
Beijing once could count on allies in business and politics to help get its way. Now many of its old allies are staying on the sidelines.
U.S. and China Near Currency Deal, but Provisions May Not Be New
The currency rules as described by the governor of China’s central bank are practically identical to what Beijing promised in 2016.
Global Markets Fall After a Wall Street Sell-Off Spurred by Trump Tweets
Uncertainty over the stability of a trade war truce between Washington and Beijing has renewed investor worries about global growth prospects.
Stocks Rise After U.S. and China Agree to Halt Escalation of Trade War
Despite a deal between President Trump and President Xi Jinping, concerns that the peace may not last tempered investor enthusiasm.