text: Trump's Trade War Sinks China's Yuan Most Since 2015 Devaluation @ Forex Factory
  Donald Trump's tariff barrage pushed Chinese markets into their worst selloff since the central bank shocked investors by devaluing its currency. The offshore yuan fell the most since August 2015, on a closing basis, as the White House said it's ready to impose 10 percent tariffs on $200 billion of Chinese-made products. Beijing said it would be forced to retaliate, describing the move as "totally unacceptable." Meanwhile, the iShares China Large-Cap exchange-traded fund extended a two-day slide to 2.8 percent. "It's a dilemma for China, which might need to loosen its policies to cope with the impact of trade war on its economy, but ... (full story)
  Jul 11, 2018 2:32pm Jul 11, 2018 2:32pm
  Jul 11, 2018 3:34pm Jul 11, 2018 3:34pm
  I think that Trump does not quite understand the importance for the world currency trading organization as a dollar, if America leaves this organization then the role of the dollar for international settlements will be reduced to zero.
  Jul 11, 2018 4:58pm Jul 11, 2018 4:58pm
  | Joined Sep 2016 | Status: Member | 182 Comments
  The slide since April means Chinese goods are now 10% cheaper.
  If the this continues the 20% tarrifs will be meaningless.
  Good job Trumpy.. Did you see that coming?
  China is not the US. The market and the currency is strictly controlled and manipulated. Good job trying to beat that.