Is the Chinese yuan a weapon or weakness in the trade war?

Thursday, 19 July 2018

Kevin Rudd says weapon:

Mr Rudd laid out the “danger scenario” at an Asia Society event on Wednesday and said it could follow the Trump administration’s decision to impose wide-ranging tariffs on Chinese goods.

The yuan is Asia’s worst-performing currency since mid-June, down more than 4 per cent.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.