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The Cryptonomics™ > Bitcoin > Trump’s Tariff Risk Prompts China to Contemplate Yuan Devaluation
Bitcoin

Trump’s Tariff Risk Prompts China to Contemplate Yuan Devaluation

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Last updated: December 12, 2024 5:40 am
admin Published December 12, 2024
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Trump’s Tariff Risk Prompts China to Contemplate Yuan Devaluation



China’s high leaders are contemplating permitting the yuan to weaken in 2025 to counter potential U.S. commerce tariffs below Donald Trump’s presidency. Trump plans to impose a ten% common import tariff and a 60% tariff on Chinese language imports. A weaker yuan might make Chinese language exports cheaper, mitigating the tariff affect, and creating looser financial settings […]



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