7 hours ago“Trump”, China's currency has dropped to the lowest level since 2007
Periskopi(a year ago)
(a year ago)China's Juan has fallen to its lowest level in almost 18 years. According to foreign media, Juan has dropped to 7,3518 for dollars the lowest level since December 26th 2007. The decline comes after the escalation of a trade war between the two largest economies in the world. Tarifa “reciproke” [...]
China's Juan has fallen to its lowest level in almost 18 years.
According to foreign media, Juan has dropped to 7,3518 for dollars the lowest level since December 26th 2007.
The decline comes after the escalation of a trade war between the two largest economies in the world.
US President Donald Trump's “reciproke” to dozens of countries came into force Wednesday, including mass taxes 104% for Chinese goods.
According to some analysts, it is a sign that the central bank is further facilitating its control over the currency to help compensate for the negative impact on exports from a commercial struggle to escalation.
A weaker Juan can ease some pressures on Chinese exporters by making their sales a major economic driver for the country more free as trade tensions between China and the US increase.
US Treasury Secretary Scott Bessent has warned China against using currency devaluation as a means to counter Trump tariffs.
If China starts to depreciate (the currency), then this is a tax for the rest of the world and everyone will have to continue to raise their tariffs to compensate for depreciation”, he said in an interview with Fox Business Network on Wednesday.
I'll call you not to do this and come to table”/Periscopi/
