Simmering trade tensions between the world's top two economies are set to erupt into a full-blown trade war with Washington poised to impose new tariffs on US$34 billion of Chinese goods. Photo: AFP

Winners and losers as yuan weakens against the dollar and US-China trade war fears become reality

Chinese textile firms, hats and gloves manufactures think it is great news to have a falling yuan, but retailers and restaurant operators are facing an uphill struggle

Topic |   Yuan

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Simmering trade tensions between the world's top two economies are set to erupt into a full-blown trade war with Washington poised to impose new tariffs on US$34 billion of Chinese goods. Photo: AFP
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