🚨🌏 Countering US Tariff Hikes, Yuan Exchange Rate Falls Below 7.4
The depreciation of the yuan is widely seen as a countermeasure by Beijing to offset the impact of the new U.S. tariff hikes. During U.S. President Donald Trump’s first term, Beijing allowed the yuan to depreciate by more than 10 percent against the dollar in response to tariffs.
The depreciation of the yuan is widely seen as a countermeasure by Beijing to offset the impact of the new U.S. tariff hikes. During U.S. President Donald Trump’s first term, Beijing allowed the yuan to depreciate by more than 10 percent against the dollar in response to tariffs.