Latest Yuan Depreciation Escalates U.S.–China Dispute
Latest Yuan Depreciation Escalates U.S.–China Dispute
Author(s): Marek Wąsiński
Subject(s): Politics, Supranational / Global Economy, Economic policy, International relations/trade, Financial Markets
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: USA; China; Yuan; Depreciation;
Summary/Abstract: The U.S. and China are escalating their trade conflict despite negotiations to resolve it. In response to new tariffs to be imposed by the U.S., the Chinese authorities allowed their currency to depreciate below the symbolic value of 7 yuan per dollar on 5 August, which led to plunges in major global stock exchanges, among other effects. The protracted and escalating dispute, now expanded to currency issues, will negatively impact the global economy, including the EU’s.
Series: PISM Spotlight
- Page Count: 2
- Publication Year: 2019
- Language: English
- Content File-PDF