TOKYO/HONG KONG -- The Chinese yuan on Monday breached the politically sensitive level of 7 yuan to the dollar, its weakest in more than a decade, in a sign of mounting anxiety over worsening trade tensions and as Asian companies appear to be bearing the brunt of the Sino-American spat.
The yuan's weakness followed President Donald Trump's threat last week to slap additional tariffs of 10% on $300 billion worth of Chinese imports. It underscores nervousness about the impact of the trade war on global growth.
