The Trump administration called China a currency manipulator after the yuan weakened past the psychologically important level of 7 to the dollar. Here’s what this means for trade talks and the markets.
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Trump Says Weaker Chinese Yuan Is ‘Called Currency Manipulation’(Bloomberg) -- President Donald Trump said the latest decline in the yuan is “called ‘currency manipulation”’ and indicated he’d like the Federal Reserve to act to counter the Chinese action.“China dropped the price of their currency to an almost a historic low,” Trump tweeted Monday. “It’s called ‘currency
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China's yuan slumps beyond 7 per dollar as trade war escalation raises economic fearsChina's yuan skidded against the U.S. dollar on Monday, weakening beyond th...
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