China's yuan sinks amid fears Beijing may give up on US trade talks

This devaluation was deliberately done by the Chinese government in response to tariffs. Having a weaker currency relative to the rest of the world can help boost exports, shrink trade deficits and reduce the cost of interest payments on its outstanding government debts.

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This was predictable. The lack of professionals and little understand of international trade, at the top of the country, this is no surprise. Deepening the trade dispute can start to wipe out economic gains as we head into the Christmas buying season.