DW Business July 14, 2024
Thats after letting it fall for a 2nd day setting Global Markets sliding beijing has denied the u. S. Treasuries charge that it is allowing its currency to devalue to make exports cheaper and not set further tariffs from washington but alast say officially designating china as a currency manipulator opens the door to further penalties on top of the tariff hikes putting a deal between the 2 economic superpowers even further out of reach. For his part however the white houses economic adviser larry kudlow pointed to upcoming bilateral talks as a source of confidence. The door is open for additio...