When Will China Start to Devalue the Yuan
Bloomberg reports that unless Beijing brings out the big stimulus, weakening the currency is the easiest way to offset Trump’s tariffs.
When President Donald Trump launched his first trade war in 2018, China weakened the yuan to offset US tariffs imposed on its exporters. But the sharp depreciation did not come about immediately. President Xi Jinping only resorted to this tool after complaints to the World Trade Organization, retaliation in kind, and initiating trade talks all failed to reach any resolution.... ...
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