http://markets.businessinsider.com/c...8-6-1027323154The Trump administration has threatened to slap tariffs on nearly all Chinese imports to the US, a move Beijing isn't able to match in duties of its own. Meanwhile, the yuan has weakened to fresh lows, raising questions about whether China could counter trade threats with currency manipulation.
The yuan hit its lowest level of the year on Wednesday at 6.6105 versus the dollar. It has plummeted 6% versus the dollar since March, when the Trump administration announced plans to penalize China for what officials found to be unfair trade practices. A weaker currency typically boosts exports.
Looks like the Chicoms are about to flood us with a bunch of cheap, currency-devalued goods to undermine American industry...
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