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Dow crashed because China is more competitive with cheaper yuan, and they are unafraid to use one of their most potent trade weapons: currency manipulation.
by internet_user 7y ago
Dow crashed because China is more competitive with cheaper yuan, and they are unafraid to use one of their most potent trade weapons: currency manipulation.
- addicted 7y agoI suspect it’s because people take this as a sign that there is no hope of a trade deal. And the longer the trade wars continue the worse off everyone is.
- resters 7y agoExactly. Trump claimed that he was some kind of expert negotiator who would walk in and teach the Chinese government a lesson and improve trade policy on behalf of American firms. But instead he's made a fool of himself and of the US, and shown the world that China is more formidable than anyone realized.