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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