Chinese Vice-Premier Liu He (second right) met with US trade representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin in Shanghai last week. Photo: Reuters
China’s ‘weaponised’ yuan, report of suspended US farm purchases create grim outlook for trade talks
- Beijing allowed the yuan to weaken beyond the political significant exchange rate of 7 to the US dollar on Monday morning
- China has also reportedly cancelled orders for US farm products in response to Donald Trump’s threat of increased tariffs on Chinese goods
Topic |
Currency war
Chinese Vice-Premier Liu He (second right) met with US trade representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin in Shanghai last week. Photo: Reuters