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Beijing Mulls Yuan Depreciation To Counter U.S. Tariffs
Published : 2024-12-11 - Duration : 00:42 - View : 68
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China's policymakers are considering allowing the yuan to weaken in 2025 in response to potential higher U.S. trade tariffs under Donald Trump's administration. Trump has announced plans for a 10% universal import tariff and a 60% tariff on Chinese goods. The yuan's depreciation could mitigate tariff impacts by making exports cheaper and enabling l...
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