China’s Move to Weaken Currency Will Hit Alaska’s Cod, Pollock and Salmon Regardless of New US Tariffs
One of the problems with shooting from the hip in a trade war is that there will always be unintended consequences. Trump’s latest 10% tariff was imposed over the objections of almost all his trade and financial advisors, who knew that China would not stand still.
This morning, China devalued its currency by allowing it to fall below the support level of 7 Yuan per US dollar. Global stock markets tanked again, with the Dow down over 600 points this morning...
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