Beijing Considering Yuan Devaluation In Response To Trump Tariffs

[DarkRange55]

Beijing Considering Yuan Devaluation In Response To Trump Tariffs | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

"I think there is no more beautiful word in the English language than the word 'tariff.' We're going to charge countries that take advantage of the United States."

- Donald Trump

@noname223
@Blurry_Buildings

 

[notreallybored]

Beijing Considering Yuan Devaluation In Response To Trump Tariffs | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

"I think there is no more beautiful word in the English language than the word 'tariff.' We're going to charge countries that take advantage of the United States."

- Donald Trump

@noname223
@Blurry_Buildings

ב''ה,

Sure is great every country outside USA has separate internal and trade currencies yet anyone pretends this matters.

 

[DarkRange55]

ב''ה,

Sure is great every country outside USA has separate internal and trade currencies yet anyone pretends this matters.

The IMF prohibits countries from manipulating their currencies. Specifically, Article IV requires member countries to "avoid manipulating exchange rates" to prevent "effective balance of payments adjustment" or to gain an "unfair competitive advantage."

It's an unfair advantage in trade.

But the US Dollar's dominance is actually, despite the skeptics, basically at an all time high.

Most countries outside the U.S. effectively operate with one currency but treat its role differently for internal stability versus external competitiveness. Domestically China uses the onshore yuan (CNY), which is tightly controlled within its borders. But Internationally China uses the offshore yuan (CNH), which trades more freely in global markets, providing a degree of separation between internal and external currency behavior.

Visualizing the Rise of the U.S. Dollar Since the 19th Century

This animated graphic shows the U.S. dollar, the world's primary reserve currency, as a share of foreign reserves since 1900.

www.visualcapitalist.com

Infographic: U.S. Dollar Dominates Global Payment Network SWIFT

This chart shows the currency composition of payments processed on SWIFT.

www.statista.com

 

[EternalShore]

ב''ה,

Explain Brexit. Explain Libor. It's bullshit. You're a bullshitter.

what's the matter with you? Seriously. Are you a bot?

 

[DarkRange55]

ב''ה,

Explain Brexit. Explain Libor. It's bullshit. You're a bullshitter.

???

 

[Blurry_Buildings]

Beijing Considering Yuan Devaluation In Response To Trump Tariffs | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

"I think there is no more beautiful word in the English language than the word 'tariff.' We're going to charge countries that take advantage of the United States."

- Donald Trump

@noname223
@Blurry_Buildings

Sorry I'm late :p

I think setting tariffs is a dangerous idea if trump won't be committed to setting tariffs on all foreign goods. If tariffs on India, Southeast Asia, or Nigeria are much lower than on China, there seems to be nothing stopping companies from moving there instead of manufacturing in America, which is very expensive. If they did that trump could cause temporary price increases as companies shift out of china without making more things in America, which might look bad. I also think it's inhumane to set tariffs on developing nations.