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What Analysts Are Saying About Trump's Fresh China Tariff Threat

Bloomberg business news
China Pledges Countermeasures to Trump's Trade War Escalation

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China’s yuan is likely to test the 7 per dollar level sooner than previously expected after Donald Trump’s abrupt decision to escalate the trade war, which could also prompt more easing by Beijing to support the economy, analysts say. The threat will weigh on stocks too, presenting buying opportunities if the benchmark falls below a key level, they said.