Trump's Trade War Sinks China's Yuan Most Since 2015 Devaluation
- U.S. list targets $200 billion more in China goods for tariffs
- iShares China large-cap ETF extends back-to-back tumble
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Donald Trump’s tariff barrage pushed Chinese markets into their worst selloff since a shocking currency devaluation three years ago.
The offshore yuan fell the most since August 2015, on a closing basis, as the White House said it’s ready to impose 10 percent tariffs on $200 billion of Chinese-made products. Beijing said it would be forced to retaliate, describing the move as “totally unacceptable.” Meanwhile, the iShares China Large-Cap exchange-traded fund extended a two-day slide to 2.5 percent.