US accuses China of manipulating currency

Jamie McKane

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US accuses China of manipulating currency

The Trump administration formally labeled China a currency manipulator, further escalating its trade war with Beijing after the country’s central bank allowed the yuan to fall in retaliation for new U.S. tariffs.

While the Treasury Department’s determination is largely symbolic -- the potential penalties are less punitive than the steps Trump has already taken against China -- it underscores how rapidly the relationship between the world’s two largest economies is deteriorating.

[Bloomberg]
 

system32

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Dec 29, 2009
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I though the yuan fell because of U.S.A. tariffs on Chinese imports caused a slowdown in Chinese economy.
Whenever USA has imposed tariffs or embargoes a country, the currency usually falls.
Who could have seen that the same would happen to China.
Confused.
 

Thor

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Pretty sure China has a role to play in our artificially weakend ZAR.
 

Zoomzoom

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Aug 15, 2014
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And here we have the real issue between the US and China. The US plays a shitty game with its currency and foreign trade rules, but China has never played along because it didn't have to, and the US has absolute hissy fits about it.
 
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