Breaking News: Stocks plunged nearly 3% as China sharply escalated the trade war with moves to weaponize its currency and limit U.S. agricultural products.

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August 05, 2019

 
BREAKING NEWS
Stocks plunged nearly 3% as China sharply escalated the trade war with moves to weaponize its currency and limit U.S. agricultural products.

Monday, August 5, 2019 4:03 PM EST

The trade war between the United States and China entered a more dangerous phase on Monday, as Beijing allowed its currency to weaken, Chinese enterprises stopped making new purchases of American farm goods and President Trump indicated he would look for ways to retaliate.

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