Breaking News: The U.S. designated China as a currency manipulator for the first time since 1994 as President Trump moved to retaliate against Beijing.

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August 05, 2019

 
BREAKING NEWS
The U.S. designated China as a currency manipulator for the first time since 1994 as President Trump moved to retaliate against Beijing.

Monday, August 5, 2019 6:14 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 and Chinese enterprises stopped making new purchases of American farm goods.

The escalation shook world markets and Wall Street suffered its worst day of the year.

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