[Levin]

https://www.rt.com/business/608343-china...p-tariffs/

[Levin]

JPMorgan highlighted that a potential devaluation of the yuan by 10-15% is “significantly less than the 28-30% that could be expected if China’s central bank were to rehearse the 2018-19 playbook, when it allowed currency depreciation to offset 70% of the rise in US tariffs.” In 2018, Trump raised tariffs on Chinese goods to 20% from 3%.

[WhatDoYouThink!]

This has been the main reason behind yuan’s depreciation for the past few yrs but some goondos dun understand and was very happy that china’s going to collapse