Trump's impending tariffs could benefit India's exports, but may provoke China to devalue its currency, leading to competitive devaluation among emerging markets, warns Jyoti Jaipuria of Valentis Advisors. Analysts predict the yuan could fall below a 17-year low against the US dollar, potentially dropping by 10%. This scenario echoes China's 2015 devaluation, which aimed to support its slowing economy but resulted in capital outflows and reduced foreign exchange reserves.
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