Author Topic: Doomstead Diner (Read 55800 times)

Surly1 · « **Reply #210 on:** August 05, 2019, 08:15:25 pm »

Quote from: AGelbert on August 05, 2019, 12:57:16 pm

Quote
China Hits Back at 🦀 Trump by Weakening Yuan, Halting Crop Imports
China responded to President Donald Trump’s tariff threat with another escalation of the trade war on Monday, letting the yuan tumble to the weakest level in more than a decade and asking state-owned companies to suspend imports of U.S. agricultural products.
http://renewablerevolution.createaforum.com/general-discussion/doomstead-diner-daily/msg13110/#msg13110

Actions have consequences:

Treasury Department designates China a ‘currency manipulator,’ a major escalation of the trade war

The announcement shortly before 6 p.m. capped an unnerving 24 hours that began with China allowing its currency to slide to an 11-year low against the dollar and continued through a near-1,000 point drop in the Dow.

- ‘It could be very serious:’ Why some analysts fear a U.S.-China currency war
- Wall Street just chalked up its worst day of 2019. Here’s who won, who lost and why.

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Author Topic: Doomstead Diner (Read 55800 times)

Surly1

Re: Very Interesting 😀

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