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Trump’s Tariff Threat Prompts China to Consider Yuan Devaluation

Moussa by Moussa
December 12, 2024
in Bitcoin
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Trump’s Tariff Threat Prompts China to Consider Yuan Devaluation
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Trump's Tariff Threat Prompts China to Consider Yuan DevaluationChina’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 […]



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