Trump tariffs: US fights back China's yuan devaluation
==========

The US Treasury Department has officially labeled China a currency manipulator, accusing the country of devaluing its currency, the yuan, to gain an unfair advantage in international trade. This move comes after China allowed the yuan to fall below the key level of 7 per dollar, which prompted President Trump to announce additional tariffs on Chinese imports. The US-China trade war has been ongoing for over a year, with both countries imposing tariffs on billions of dollars worth of goods. The devaluation of the yuan is seen as a retaliatory move by China in response to the latest round of tariffs imposed by the US. The US Treasury Department's designation of China as a currency manipulator is largely symbolic, as it does not carry immediate penalties. However, it further escalates tensions between the two countries and adds to the uncertainty in global financial markets.

#UschinaTradeWar #CurrencyManipulation #Tariffs #YuanDevaluation

https://news.google.com/rss/articles/CBMicmh0dHBzOi8vd3d3Lndhc2hpbmd0b25leGFtaW5lci5jb20vbmV3cy9jYW1wYWlnbnMvcHJlc2lkZW50aWFsLzMwODc0MjcvdHJ1bXAtdGFyaWZmcy11cy1maWdodC1iYWNrLWNoaW5hLXlvdW5na2luL9IBAA