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China's yuan slides to 4-month low on Trump's tariff promise
China's yuan slides to four-month low on Trump's tariff promise
The yuan fell against the U.S. dollar to its weakest in nearly four months after U.S. President-elect Donald Trump said he would impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China.
China Draws a Red Line for the Yuan as Trump Risks Return
A line in the sand is starting to emerge for the yuan, as China tightens its grip on a currency that is facing fresh tariff threats from US President-elect Donald Trump.
Opinion
China will send a weaker yuan to the Trump front
Beijing’s long-standing line has been a commitment to keep the yuan 'basically stable.” But Trump’s return with his tariff threats may test that.
Trump tariff threat jolts Canadian dollar, peso, yuan
Morning Bid: Trump tariff threat jolts Canadian dollar, peso, yuan
Global stocks paused on Wednesday and currencies were mixed as investors worried over the next potential target for U.S. tariffs under President-elect Donald Trump, a day after he pledged new levies on Canada, Mexico and China.
Canadian officials blast Trump's tariff threat, and one calls Mexico comparison an insult
Canadian officials on Tuesday blasted President-elect Donald's Trump's threat to impose sweeping tariffs, as the leader of the country's most populous province called Trump's comparison of Canada to Mexico “the most insulting thing I’ve ever heard.
Canadian Officials Slam Trump's Tariff Threat: 'Insulting'
Canadian officials slammed U.S. President-elect Donald Trump's tariff plan this week, calling it "insulting." Trump has vowed to impose tariffs on goods from Canada, Mexico and China immediately after taking office in January.
20h
on MSN
Chinese Firms Debt Profile Lowers Yuan Risk at Just Right Time
Chinese companies’ foreign-currency debt load has shrunk significantly, reducing a key source of vulnerability as the yuan ...
7h
JPMorgan Sees 10-15% Chinese Yuan Slide in Response to Trade War
China could allow its yuan to depreciate by as much as 10-15% in response to any trade wars unleashed by President-elect ...
2d
Yuan to catch up to China’s position in world’s economy: ex-official
Outspoken former Chongqing mayor Huang Qifan says Hong Kong can play a key role in the internationalisation of the yuan.
Bloomberg L.P.
13d
Yuan Funding Demand Rises on Bearish Bets, Intervention Fear
The forwards market is signaling expectations for further
yuan
losses as the currency is pressured by US President-elect ...
7d
Falling yuan poses challenge for China's policymakers
"The slide in the yuan's value reflects the negative expectations of the world towards China-U.S. relations after the recent ...
Global Times
5h
China's industrial profits top 5.86 trillion yuan in Jan-Oct
The combined profit of major industrial enterprises in China exceeded 5.86 trillion
yuan
(about 814 billion US dollars) in ...
中国日报网
12h
China's 2024 box office hits 40b yuan, showcasing market resilience
BEIJING - China's 2024 box office revenue reached 40 billion yuan ($5.56 billion) as of Wednesday, according to film data ...
2d
on MSN
China's central bank keeps medium-term loan rate unchanged amid yuan weakness
The People's Bank of China kept the medium-term lending facility rate unchanged at 2.0% on 900 billion yuan ($124.26 billion) ...
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