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Trade war

World braces for dangerous US-China currency standoff

Yuan hovers beyond former line of defense after 'manipulator' designation

U.S. President Donald Trump listens to a question from the news media as he sits behind the Resolute Desk in the Oval Office of the White House. Trade tensions with China have now spilled over into currencies.   © Reuters
TAKESHI KAWANAMI and TAKESHI KIHARA, Nikkei staff writers | China

WASHINGTON/HONG KONG -- With the Trump administration designating China as a "currency manipulator" for the first time in a quarter century, tensions over trade and high tech between the U.S. and China have now extended to currencies.

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