Renminbi drops and trade war escalates; General strike in Hong Kong as Carrie Lam makes thing worse
|Bill Bishop||Aug 5, 2019|| 6|
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: