US President Donald Trump (back) hands over the podium to Jerome Powell after announcing him as his nominee for chair of the board of governors of the Federal Reserve, at the White House in Washington on November 2, 2017. Trump has criticised Powell for raising interest rates last month, contributing to the dollar’s strength. Photo: EPA-EFE
David Brown
Opinion

Opinion

David Brown

Forget yuan devaluation, what if Donald Trump weaponises the US dollar?

David Brown says China should take the high road and let the renminbi’s rate be determined by market forces even if the US president escalates a currency war

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US President Donald Trump (back) hands over the podium to Jerome Powell after announcing him as his nominee for chair of the board of governors of the Federal Reserve, at the White House in Washington on November 2, 2017. Trump has criticised Powell for raising interest rates last month, contributing to the dollar’s strength. Photo: EPA-EFE
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