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Opinion

If Trump attacks China's currency, all Asia will suffer

US president can seize on yuan's low level to redouble trade war

| China
Trump might see the fallout from additional levies on Chinese goods as an acceptable price for better poll numbers at home.   © Reuters

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

The yuan's slide against the U.S. dollar -- down roughly 3% since a mid-January high -- could not come at a better time for China. It offers a badly-needed competitive boost as COVID-19 damages Asia's biggest economy.

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