A trade war is unlikely to turn into a currency war, and the yuan’s exchange rate against the dollar should stabilize and be slightly lower than it was before the trade war. However, this situation is not what the United States wants to see, and how it will develop still needs to be observed to further respond to the depreciation of the RMB.
We heard about the global state of the SCF market. Collaborators: Dr Rebecca Harding, Mark Abrams and Simon Kleine
The opening salvos in the trade war between the US and China have already been fired. The US unveiled plans for a 25 per cent tariff on steel and 10… read more →
