Can America and China avoid a currency war?

China's currency, the renminbi, weakened slightly against the dollar at the start of this week. Around the world, the immediate response was panic. Financial markets tumbled, US President Donald Trump's administration formally labelled China a currency manipulator, and fears of a new currency war spread like wildfire. To describe all...

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Trump ratchets up trade war, threatening a currency war

President Donald Trump has now taken the US trade war to a new height with the threat to impose 10 per cent tariffs on an additional US$300 billion worth of Chinese goods from September 01 with the added warning that tariffs could go up to 25 per cent. This announcement...

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