The question of how far and quickly the yuan will fall depends on Beijing's resolve in countering Donald Trump's tariffs with stimulus measures.
Beijing contends with a weakening yuan while awaiting policy clues from the incoming Donald Trump’s administration.
Higher US tariffs under President Donald Trump could accelerate a slump in the value of China's currency, complicating recent efforts by Beijing to kickstart a rebound in its struggling economy, analysts warn.
FRANKFURT (Reuters) - Global economic policymakers had been braced for an economic firestorm from the new U.S. administration but instead got a surprisingly restrained start from Donald Trump, who remains big on rhetoric but more cautious on action - for now.
Base metals declined after US President Donald Trump said he would likely enact tariffs on Mexico and Canada by Feb. 1, hurting market sentiment even as he held off from imposing levies on China.
The relative calm in the markets may not survive upheaval in the A.I. sector and a deluge of disruptive Trump policies, our columnist says.
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Japan's Nikkei was up about half a percent at the midday break, on track to snap a three-day losing run. Australia's stock benchmark gained 0.9%, with additional momentum from a mild inflation print that boosted the odds for a rate cut when the Reserve Bank meets next month.
The threat of sweeping tariffs, a central plank of his campaign promises, had raised concerns of a resurgence in inflation
Trump's announcement of imposing tariffs and travel bans on Colombia with countermeasures from Colombian President Petro points to the abiding risk of U.S. tariffs even beyond U.S.-China geopolitical relations, RBC Capital Markets said.
The US Senate’s confirmation hearing for Mr Bessent last week as Treasury Secretary was remarkable, as much of the discussion revolved around China’s rapid economic grow