FX.co ★ China responds to Trump

Late last week, Trump announced the introduction of new duties against China, a 10% duty on new $300 billion worth of goods from China.

The reason is China's lack of concessions in trade negotiations.

China responded on Monday August 5: the yuan fell below 7 per dollar for the first time since 2008.

China has banned state-owned companies from importing grain from the United States.