China’s top leaders are considering allowing the yuan to weaken in 2025 to counter potential US trade tariffs under President Donald Trump. Trump plans to impose a 10% universal import tariff and a 60% tariff on Chinese imports. A weaker yuan could make Chinese exports cheaper, mitigating the tariff impact and creating more flexible monetary environments. […]
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Trump’s tariff threat prompts China to consider yuan devaluation – News Bytes Bitcoin News
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