China stocks and renminbi hit by Donald Trump’s 10% tariff threat
Chinese markets closed down on Wednesday after Donald Trump said he could impose a 10% tariff against China from next month © FT montage: Bloomberg China stocks and renminbi hit by Donald Trump’s 10%
China's rapid tariff response shows Beijing is ready for Trump
China's targeted and calibrated response to Trump's tariffs doesn't mean Beijing is backing down, economists told Business Insider.
China retaliates after Trump administration imposes new tariffs
China retaliated against newly imposed U.S. tariffs on Chinese goods. China announced 15 percent tariffs on American coal and liquefied natural gas and 10 percent on crude oil. The Trump administration said its tariffs were aimed at punishing China for the flow of fentanyl into the U.
China keeps renminbi steady in first fix since Trump’s tariffs
China has kept the renminbi’s exchange rate with the dollar steady in its first official currency fix since US President Donald Trump hit the country with tariffs. The People’s Bank of China on Wednesday set the rate at Rmb7.169 a dollar, close to the level before a more than week-long lunar new year holiday.
China hits back as Trump’s tariffs go into effect
Beijing announced tariffs on Tuesday on some American imports including crude oil, agricultural machinery and liquefied natural gas, in retaliation for the Trump administration’s imposition of 10% tariffs on Chinese imports into the United States.
International Monetary Fund11y
Will the Renminbi Rule?
But among the currencies of the six largest economies in the world, China’s renminbi is the only one that is not traded easily and accepted worldwide—that is, it is not a hard currency. China’s ...
Hosted on MSN1mon
USD/CNY analysis: will the renminbi to hit an all-time low in 2025?
The renminbi traded at 7.3000 on Tuesday morning, its lowest level since November 2023. It has dropped in the last 13 consecutive weeks and is slowly approaching its lowest level on record.
Chinese yuan strengthens to 7.1691 against USD Thursday
The central parity rate of the Chinese currency renminbi or the yuan strengthened 2 pips to 71691 against the US dollar Thursday according to th ...
Harvard Business School3mon
What Future for the Renminbi in the Global Monetary System?
Campanella, Edoardo, and Meg Rithmire. "What Future for the Renminbi in the Global Monetary System?" Chap. 7 in U.S.-China Relations for the 2030s: Toward a Realistic Scenario for Coexistence, ...
International Monetary Fund8y
Gaining Currency: The Rise of the Renminbi
Oxford University Press, 2016, 344 pp, $29.95 (hardcover). Such is the scope and range of Eswar Prasad’s new book Gaining Currency: The Rise of the Renminbi. In it, the author capitalizes on the ...
The Irish Times1mon
China rushes to reassure investors as equities and renminbi fall
China’s regulators sought to reassure markets on Monday as equities and the renminbi extended losses in a rocky start to the year, following weak economic data and geopolitical uncertainty ahead ...
Business Times23d
China flags more policy measures to bolster renminbi
CHINA announced more tools to support its weak currency on Monday (Jan 13), unveiling plans to park more US dollars in Hong Kong to bolster the renminbi and to improve capital flows by allowing ...
Wall Street Journal28d
China to Issue Central Bank Bills in Hong Kong Amid Weakening Yuan
The bill issuance is aimed at improving the yield curve for renminbi bonds in Hong Kong, the PBOC said on a notice posted on the Hong Kong Monetary Authority’s website, referring to the official ...
Why Trump Is Closing a Trade Exemption for China
Under U.S. tax law, the de minimis exemption lets companies avoid import taxes and customs inspections on international ...