The yuan has dropped about 4 per cent against the US dollar so far this month. Photo: AFP
China could depreciate yuan further if trade war escalates, IMF says, rebuking currency manipulator charge
- International Monetary Fund says the recent Chinese yuan weakening, which sparked currency war concerns, is in line with market ‘fundamentals’
- IMF shuns thorny question over whether China is a ‘currency manipulator’ as alleged by US President Donald Trump in annual review
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US-China trade war
The yuan has dropped about 4 per cent against the US dollar so far this month. Photo: AFP
Donald Trump decreed last week that tariffs already scheduled for implementation on September 1 and December 15 respectively would see their rate increase by 5 per cent. Photo: AP
US moves quickly to implement Donald Trump’s trade war tariff increase on Chinese-made consumer goods
- US Federal Register notice confirms tariff rise from 10 to 15 per cent on US$300 billion of goods from Sunday
- Move in response to China’s decision to impose retaliatory tariffs of between 5 and 10 per cent on US$75 billion worth of American products
Topic |
US-China trade war
Donald Trump decreed last week that tariffs already scheduled for implementation on September 1 and December 15 respectively would see their rate increase by 5 per cent. Photo: AP