Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

China hits back at Trump by weakening yuan, halting crop imports


August 6, 2019

China responded to 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.

The moves are likely to further antagonize Trump, who has criticized Beijing for managing its currency unfairly and failing to keep promises to buy more U.S. crops.


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