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Renminbi drops and trade war escalates; General strike in Hong Kong as Carrie Lam makes things worse

Renminbi drops and trade war escalates; General strike in Hong Kong as Carrie Lam makes things worse

Bill Bishop
Aug 05, 2019
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Sinocism
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Renminbi drops and trade war escalates; General strike in Hong Kong as Carrie Lam makes things worse
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The Chinese side has started its retaliations against the latest threat of new American tariffs on US imports.

The Chinese government allowed the Yuan to trade below 7 to the US dollar for the first time since 2008. Global markets hate the drop, as does President Trump:

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