"If The Fool persists in his Folly he will become wise." - William Blake
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Trump's Trade War Sinks China's Yuan Most Since 2015 Devaluation
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 ... (full story)
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