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South Korea

US-China Trade Dispute Leads to Currency War

August 9, 2019 // Dong-A Ilbo - S. Korea - English

The U.S. Department of the Treasury labeled China a currency manipulator on Monday (local time). The department is claiming that the Chinese government controlling the foreign exchange market has forcefully appreciated the yuan to reduce its trade deficit. After the U.S. made an announcement to increase tariffs [Read more]
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