US designates China a currency manipulator, escalating trade war

The US action came after China let its currency weaken 1.4%, sending it past the key 7-per-dollar level for the first time in more than a decade. Beijing also halted US agricultural purchases, inflaming a trade war that has roiled financial markets, disrupted supply chains and slowed global growth.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2GNkWqk

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