Will Trump Launch a Currency War, Too?
Last month, Donald Trump personally announced a series of import tariffs and other measures to restrict the flow of Chinese goods and capital into the United States. Clearly, Trump views China as a significant economic threat, so it may be only a matter of time before he sets his sights on the renminbi as well.
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SANTA BARBARA – In recent weeks, the Trump administration has rolled out a series of trade and investment measures that put China squarely in its crosshairs. Clearly, Trump and his advisers view China as America’s chief “economic enemy.” The question now is whether they will follow up with an attack on the renminbi, China’s increasingly popular currency.