US Politics in Trump era Public date: 12.07.2020 21:12:21

Publisher: Menafn

Author:

14 Nov 2018

Sliding Chinese yuan risks Trump trade war backlash

The laws of Trumponomics, after all, are more about resentment and victimhood than stirring animal spirits. And no woe-is-America narrative is more pervasive in the Trump era than China “raping” the US workforce and “stealing” growth from Washington. An undervalued yuan is a pillar of this theory. It’s “killing us,” as Trump likes to say. Expect Trump’s ire to increase as the yuan weakens past 7 to the dollar – from today’s 6.96 – thanks to PBOC largess. That might provoke him to ratchet up the trade war.
The laws of Trumponomics, after all, are more about resentment and victimhood than stirring animal spirits. And no...

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