The stock market tumbled today in response to the Chinese yuan falling to its lowest value in 10 years, an event President Trump called “currency manipulation” by lisettevoytko
in response to the Chinese yuan falling to its lowest value in 10 years, an event President Trump called “currency manipulation.
”China historically controls its currency, and it allowed the yuan to fall below a benchmark of 7 against the dollar on Monday., the yuan’s weakening signaled China’s desire to retaliate against Trump for increasing tariffs on its goods.
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