The Chinese yuan depreciated below 7 to the US dollar on Monday for the first time since 2008. Photo: AP

Donald Trump could be ‘laying groundwork for more tariffs’ by labelling China a currency manipulator

  • There is no direct US legal provision linking currency manipulation with tariff imposition, but it does free the US president up to take more unilateral action
  • Other courses of action include a ban on US government procurement from China, an end to trade talks and an investigation by the International Monetary Fund
Topic |   US-China trade war

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The Chinese yuan depreciated below 7 to the US dollar on Monday for the first time since 2008. Photo: AP
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Finbarr Bermingham

Finbarr Bermingham

Finbarr Bermingham has been reporting on Asian trade since 2014. Prior to this, he covered global trade and economics in London. He joined the Post in 2018, before which he was Asia Editor at Global Trade Review and Trade Correspondent for the International Business Times.