Offshore yuan fell the most in over a week on Wednesday after US President Donald Trump raised the stakes in the ongoing trade war with China, saying he will impose tariffs on another US$200 billion worth of Chinese exports. Washington’s decision to slap the extra tariffs came after efforts to negotiate a solution to the trade dispute failed, senior US administration officials said on Tuesday. Both countries had fired the first salvoes in the trade war, imposing tariffs on US$34 billion worth of goods last Friday. Offshore yuan dropped 0.55 per cent to 6.6870 per US dollar. It is set for the biggest daily drop in a ... (full story)