Chinese Yuan Weakens Amid U.S. Tariff Warnings And Trade Tension Escalation
0:43
Chinese Yuan Weakens Amid U.S. Tariff Warnings And Trade Tension Escalation
Chinese authorities are grappling with a declining yuan as major investment banks forecast the currency to hit historic lows. The offshore yuan is expected to weaken to its lowest level since 2004. U.S. President-elect Donald Trump reignited trade tensions, pledging a 10% tariff on all Chinese goods and threatening tariffs as high as 60%. The ...
Microsoft NewsBenzinga Finance4 weeks ago
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