4 ms·
lmao you think this is going to make the USD worth more? What are you smoking and can I have some?
by jillyboel 2y ago
lmao you think this is going to make the USD worth more? What are you smoking and can I have some?
- kgwgk 2y agohttps://www.reuters.com/markets/what-direction-will-trade-war-take-watch-yuan-mcgeever-2025-04-03/ https://www.reuters.com/markets/what-direction-will-trade-wa... > Beijing has previously said it won't go down the FX depreciation road, preferring to keep the yuan relatively "stable". But that was before Trump's self-styled "Liberation Day". Beijing's first response might be to try and negotiate with Washington to get the tariffs lowered. But if that fails, FX devaluation becomes a real option to offset the shock. They didn't take the negotiation route. We'll see what's next.
- leereeves 2y agoNations that sell products in the US have often sought to made their currency worth less vs the dollar, so their products are cheaper here. They might well do it again.
- kowabungalow 2y agoThe US will probably keep adjusting its tariffs to make sure it is the supposed cheat, so a better move is to give it as little real value as possible for your quota.