Market Insight: 'Difficult' for China to offset potential tariff with currency moves | REUTERS
December 11, 2024
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6:55Now PlayingMarket Insight: 'Difficult' for China to offset potential tariff with currency moves | REUTERS
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as posted by the channelChina plans to devaluate the yuan in 2025, sources told Reuters, to try and counteract some of the effect of Donald Trump's promised 60% tariffs. Janet Mui of RBC Brewin Dolphin says it would be very difficult to offset duties on that scale with currency depreciation - and it could lead to competitive devaluations throughout Asia.
#News #Reuters #Newsfeed #markets #china #donaldtrump #tariffs
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