China’s currency falls amid trade tension with the US

China’s currency falls amid trade tension with the US

China’s renminbi plunged to the lowest exchange in 11 years following President Donald Trump’s threat last week of tariff hikes on additional Chinese imports. ’The drop suggests that the central bank of China is willing to weaponize the currency in light of the trade war’, says Andrew Collier, managing director of Orient Capitol in Hong Kong.

Natalie Eden
Natalie Eden
Unity.Nat
Unity.Nat 5 months

The Chinese always go back to their scummy tricks

David
David 5 months

Gee you think they are trying everything to keep the unfair to America trade deals going

Highlander
Highlander 5 months

I can't see China lasting much longer before they cave to Trump. They were never going to win a trade war with America. Their economy depends far too much on their exports to America. America doesn't actually need to import or export a single thing from any country except for rare metals. America has the land, population and climate to be virtually self sufficient. Anything America needs it can import from dozens of other countries and absolutely needs nothing from China.

Wholly
Wholly 5 months

When you can manipulate the value, you can make/break everyone.

NPC 33331
NPC 33331 5 months

which they do do...

FirstCensorshipThenJail
FirstCensorshipThenJail 5 months

wake up. https://youtu.be/thvN6X_kYcs

Miles O'Brien
Miles O'Brien 5 months

Headline: Americans shocked when China fights back!

Luther Young
Luther Young 5 months

When they do this, we should suspend debt payments to them.

FirstCensorshipThenJail
FirstCensorshipThenJail 5 months

Wake up, wake up. https://youtu.be/thvN6X_kYcs

FirstCensorshipThenJail
FirstCensorshipThenJail 5 months

Wake up https://youtu.be/thvN6X_kYcs You all had the media hypnotize you into believing Russia was the biggest threat. Wonder why that was. Feinstein and Joe Biden's son had nothing to do with it. Nor did a wealthy class whose children will never be sacrificed to the meat grinder of poverty or war, unlike you and yours; Or did they?

Prodigal Liberal
Prodigal Liberal 5 months

About time! Beware China is a culture manipulator too!

Sir_Kutz
Sir_Kutz 5 months

That wacky right wing President Obama’s said much the same.

rael 123
rael 123 5 months

What did you think would happen? Watch the orange Cheeto call back his tariffs and say he fixed the issues with his best buddy, saving both country's.

Miro Živec
Miro Živec 5 months

Why are the most of you people wining about this situation? Don't you see that so far the China had the most out of this so called trade war and is doing its best to bring that on an even higher level, and the most honest and not greedy at all president Trump is probably getting a big share out of this very well directed situation. All wars were directed, remember?

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