China Uses Currency as Weapon in Trade War, Rattling Markets

The trade war between the United States and China entered a more
dangerous phase on Monday, as Beijing allowed its currency to weaken,
Chinese enterprises stopped making new purchases of American farm goods
and President Trump’s Treasury Department formally labeled China a
currency manipulator.

Publisher: NYTimes | Author: Alexandra Stevenson

TAGS
china, governance, trade policy, trump agenda, and wall street
DATE PUBLISHED
2019-08-06 (Modified: 2019-08-06)

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https://www.nytimes.com/2019/08/05/business/economy/us-china-yuan-renminbi-trump.html?action=click&module=Top%20Stories&pgtype=Homepage

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