Swipe through the latest business and wealth clues with our android app

US labels China a currency manipulator, escalating trade war

The Trump administration formally labeled China a currency manipulator, further escalating its trade war with Beijing after the country’s central bank allowed the yuan to fall in retaliation for new US tariffs. The US announcement followed a declaration by China’s central bank chief, Yi Gang, that his nation wouldn’t use the yuan as a tool to deal with trade disputes. It’s the first time that the US labeled a country a manipulator since the 1990s, when China was also the target. 

Read More at The Economic Times News date : 6 Aug 2019, Tuesday

©2019 TheNewsClues