{
Robert Rubin

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China may allow yuan to weaken amid potential tariff threats from Trump

China is poised to allow a gradual weakening of the yuan in response to potential tariffs under a Trump administration, moving away from its long-standing commitment to currency stability. The yuan has already declined about 3% this quarter, with economists anticipating further depreciation as part of a broader strategy that may include interest rate cuts and increased budget deficits. While a drop beyond 8 per dollar is deemed unlikely, the People's Bank of China is expected to navigate these challenges carefully.
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Chinese Yuan United States Dollar The Goldman Sachs Group, Inc. CHN Robert Rubin Donald Trump
Finance & Economy, Market Report
11:58 18.11.2024
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