In a currency war, everyone loses

Dec 2, 2019
When countries tried to undercut each other to gain a trade advantage between world wars, it led to global inflation, a University of Michigan professor says.
A U.S. dollar and Brazilian two real note.
Christophe Simon/AFP via Getty Images

And now, a currency war?

Jul 20, 2018
President Donald Trump today accused Beijing of manipulating its currency. This is not a new charge. But what has occurred is an 8 percent fall in the Chinese currency against the dollar since the trade spat began in the spring. That helps Chinese exporters, because it effectively makes their products cheaper.   Click the audio […]
A man looks at information posted on a bank door showing how to distinguish real banknotes in Beijing on July 20, 2018. - China's yuan continued its steady decline on July 20, defying US President Donald Trump's warning over the dollar's rise and providing Beijing with a buffer against punitive trade tariffs imposed by Washington. 
WANG ZHAO/AFP/Getty Images