Cheap twist ties, exported by China to the United States, have become a big issue in the trade war. Photo: Shutterstock Cheap twist ties, exported by China to the United States, have become a big issue in the trade war. Photo: Shutterstock
Cheap twist ties, exported by China to the United States, have become a big issue in the trade war. Photo: Shutterstock
Currency war

US-China trade war: amid allegations that yuan is undervalued, why are tiny twist ties so important?

  • Beijing and Washington quarrel over China’s currency again, and the fallout could affect US$450 billion worth of Chinese imports to the United States each year
  • If the case involving twist ties becomes a precedent, it could materialise the controversial idea of using the yuan exchange rate to determine trade penalties

Topic |   Currency war
Cheap twist ties, exported by China to the United States, have become a big issue in the trade war. Photo: Shutterstock Cheap twist ties, exported by China to the United States, have become a big issue in the trade war. Photo: Shutterstock
Cheap twist ties, exported by China to the United States, have become a big issue in the trade war. Photo: Shutterstock
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