One U.S. dollar today is worth about 9.92 Chinese yuan. That’s down nearly 10 percent from where it was last spring. That drop has the attention of Treasury Secretary Steven Mnuchin, who said Wednesday he wants to make sure China is not doing “competitive devaluations.” That’s when a country seeks an advantage by making its […]
The trade story of the day is actually more of a currency story. As you know, the Trump administration has proposed another round of tariffs on some $200 billion worth of Chinese products — ranging from tobacco to dog food to plywood. Now, the president is threatening to more than double the size of that tariff […]
Trump refrains from calling China a currency manipulator.
It’s not all about the Benjamins.
Donald Trump has repeatedly said the opposite. Here's why he's wrong.
The world's second-largest economy has announced fresh steps to stem decline.
There’s lots of turmoil overseas, particularly with the refugee crisis in Europe and trouble in the markets. But there is one bright spot in recent news — India’s economy continues to grow. Here’s a look at today’s global news from the BBC: Migrants take down barbed-wire fence at Macedonia, Greek border Migrants at the border […]
China has set a lower value for its yuan currency for the third straight day.