A demand from the US to limit the yuan’s depreciation and thus the competitive advantage given to China’s exporters was seen as an acceptable condition for Beijing to end the trade war. Photo: AP

Donald Trump’s threat to increase China tariffs dashes hopes of keeping yuan exchange rate stable

  • The United States wants to limit the yuan’s depreciation to prevent an unfair advantage for Chinese exporters
  • Tweet from the US president on Sunday threatens to increase levies on Chinese exports leading yuan to drop by almost 1 per cent to 6.7976 per dollar on Monday
Topic |   China economy

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A demand from the US to limit the yuan’s depreciation and thus the competitive advantage given to China’s exporters was seen as an acceptable condition for Beijing to end the trade war. Photo: AP
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Chinese Vice-Premier Liu He with US President Donald Trump inside the Oval Office of the White House in Washington in April. Photo: EPA

China still ‘preparing’ delegation for US trip despite Donald Trump’s threat to increase tariffs

  • US President said he will increase punitive tariffs on US$200 billion of imports from 10 per cent to 25 per cent on Friday in a tweet posted on Sunday
  • Liu He could depart Beijing on Thursday, three days later than previously scheduled, and leave Washington a day later, says a source
Topic |   US-China trade war

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Chinese Vice-Premier Liu He with US President Donald Trump inside the Oval Office of the White House in Washington in April. Photo: EPA
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