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Trade Dispute Between USA and China

China Reacts With Devaluation On Trump's Tariffs

Created by Frank Diebel | |   Economy

Donald Trump's aim to make Chinese imports in the US more expensive was answered by a devaluation of the yuan. It is characterized by the fact that the trade dispute is growing into a currency conflict between the two countries. For the first time since the financial crisis of 2008, the Chinese yuan again breaks the magic mark of 7 yuan for every dollar.

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