Shares in Asia recovered some of their losses after the Chinese central bank indicated that it was not ready to weaponize the renminbi just yet. Source: NYT > Business – Alexandra Stevenson
Global Stocks Slide After China Lets Currency Dip, Raising Tensions With U.S.
Tension between the world’s largest economies ratcheted higher, adding to concerns about the global economy. Source: NYT > Business – The New York Times
China Hints at Weaponizing Its Currency, Rattling Markets
Beijing’s willingness to let the renminbi weaken could signal a new phase in the U.S.-China trade war that might ripple through the global financial system. Source: NYT > Business – Alexandra Stevenson
China Hints at Weaponizing Its Currency, Rattling Markets
Beijing’s willingness to let the renminbi weaken could signal a new phase in the U.S.-China trade war that might ripple through the global financial system. Source: NYT > Business – Alexandra Stevenson
Trump Says U.S. Will Hit China With More Tariffs
The additional 10 percent tariff on about $300 billion worth of goods means the United States will tax essentially all imports from China. Source: NYT > Business – Alan Rappeport
Trump Says U.S. Will Hit China With More Tariffs
The additional 10 percent tariff on about $300 billion worth of goods means the United States will tax essentially all imports from China. Source: NYT > Business – Alan Rappeport