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‘Things Could Look Like 2015 Again’: China Said To ‘Study’ Yuan Devaluation To Counter Trump
Following the Trump administration's Thursday evening announcement that the USTR is studying whether to propose an additional $100 billion in tariffs on China, everyone was quick to note the obvious which is that if Trump were to up the ante to a total of $150 billion, it would make it mathematically impossible for Beijing to craft a proportionate response using levies of their own.
We covered that in "Is This The Chart Trump Is Looking At When It Comes To ‘Winning’ A Trade War With China?"
