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A brief Friday accused China and the European Union of currency manipulation and said it was ready to introduce tariffs for all Chinese imports to the United States. The Chinese Foreign Ministry denied the allegations and pointed out that the yuan's price was determined by market forces.
According to the ministry, the United States is provoking a trade war while China does not want it but is not afraid. China will be ready to fight when necessary. Threats and intimidation in this country do not work.
Two of the world's largest economies entered the trade war, when the United States entered 25% this month. US $ 34 billion Washington continued to threaten $ 200 billion of Chinese-made dental prostheses for Chinese products and received "eye teeth" from Beijing.
As a result of a trade dispute, the fear of a parallel currency war increases, the yuan weakening in recent weeks by prompting D. Short furury
According to economists, the weaker yuan gives China export advantage in foreign markets and reduce the tariff effects of the United States.
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