Chinese Yuan Craters on Tariff Retaliation, Auto Sales

May 14,2019 01:51   Source:Earnforex
The Chinese yuan is cratering against several major currency rivals to start the trading week. After the US government unexpectedly raised tariffs on $200 billion in Chinese goods, Beijing responded by raising tariffs on $60 billion worth of American products. On Monday, the Ministry of Finance announced that it would be increasing their tariffs on more than 5,100 US goods, ranging from 5% to 25%. The highest rate will target […]

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