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The Chinese Yuan Devaluation
Aug 6, 2019 at 04:51 AM

The Quick Facts

  • This week China let its currency, the yuan, drop in value to an 11-year low. China also announced it would be halting purchases of U.S. farm products.
  • The move comes four days after Trump threatened another tariff hike on Beijing. 
  • In response, the U.S. Treasury took the rare step to officially designate China as a currency manipulator, a designation that will trigger assorted trade penalties on China.

Food For Thought

Is the recent chinese yuan devaluation a big deal? What will it mean for the Trump administration and the ongoing trade war?

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