Goldman says U.S. may base tariff decisions on whether China's currency keeps falling

From cnbc.com

China is doing little to stop its currency's near daily decline, and some view that as a strategy to weaken the yuan in order to minimize the impact of President Donald Trump's trade tariffs on its economy. A weaker yuan would make Chinese goods more attractive in overseas markets, and at the same time a stronger dollar and those U.S. tariffs could make some American goods less appealing for Chinese consumers. The Trump administration may view the fall in the yuan, now at a 14-month low, as an intentional devaluation—or the equivalent of China bringing its own economic weapon to the trade battle field. Goldman ... (full story)