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In a currency war, everyone loses

by Kai Ryssdal and Sean McHenry 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?

by Scott Tong 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.…
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

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