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The 'seven' ceiling: China's yuan in trade talks  智库博客

时间：2019-06-03   作者： Inês Goncalves Raposo  来源：Bruegel (Belgium)

Investors and the public have been looking at the renminbi with caution after the Trump administration threatened to increase duties on countries that intervene in the markets to devalue/undervalue their currency relative to the dollar. The fear is that China could weaponise its currency following the further increase in tariffs imposed by the United States in early May. What is the likelihood of this happening and what would be the consequences for the existing tensions with the United States, as well as for the global economy?

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