China’s top leaders are considering allowing the yuan to weaken in 2025 to counter potential U.S. trade tariffs under Donald Trump’s presidency. Trump plans to impose a 10% universal import tariff and a 60% tariff on Chinese imports. A weaker yuan could make Chinese exports cheaper, mitigating the tariff impact, and creating looser monetary settings […]
Source: https://news.bitcoin.com/trumps-tariff-threat-prompts-china-to-consider-yuan-devaluation/
Trump’s Tariff Threat Prompts China to Consider Yuan Devaluation
