12.12.2024_Edi

According to insiders, the Chinese government is planning to devalue the yuan by 2025 – in response to possible higher trade tariffs imposed by the US under a new Donald Trump presidency. During Trump’s first term in office, the yuan weakened by more than 12% against the US dollar after he announced and implemented a series of punitive tariffs between March 2018 and May 2020. The US threatened severe consequences on Tuesday.