Trump declares China a currency manipulator, what does it mean for Australia and the world? - ABC News (Australian Broadcasting Corporation)
Well, that escalated quickly.
Friday's fresh round of US tariffs on Chinese imports quickly morphed into a share market rout, then a Chinese retaliation with a sudden devaluation of the yuan and a ban on agricultural imports.
Almost immediately, there was another round of US retaliation and, you guessed it, soon enough another panicky rush to the exits on share markets around the world
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