International Monetary Fund contradicts Trump: China hasn't manipulated its currency

11 Août, 2019, 07:09 | Auteur: Auguste Feret
  • International Monetary Fund contradicts Trump: China hasn't manipulated its currency

The yuan was the world's dullest currency only a few weeks ago, even as tensions with the US on trade suddenly escalated. Companies are also coming to the U.S.in big numbers.

The Chinese regime allows the yuan to trade within a range of 2 percent from a midpoint set each day.

The countries have imposed tariffs on US$360 billion in two-way trade, and with the new round announced by Mr Trump all Chinese goods would be subject to punishing duties.

In point of fact, after experiencing a havoc-scale volatility in the currency market amid a flurry of uncertainties, currency markets calmed down and volatility gauge seemed to be weakening after China set midpoint rate for its currency at 7.0039, however, the midpoint price for offshore Yuan had still been in its weakest level in more than a decade.

Since then, the yuan has shown signs of steadying at around the 7-per-dollar level. If US buyers want Chinese goods, the price they must pay is higher (fuelling US inflation), making domestic goods (or other products imported from other nations) more attractive, or so the US administration hopes. The intention behind the tariffs is to get China to agree to changes in its trade practices that the U.S. wants by making Chinese goods increasingly less competitive in the USA market. "China has devalued its currency by over 10% with the express objective of neutralizing tariffs, full stop".

Miley Cyrus and Liam Hemsworth Break Up After Seven Months Of Marriage
A representative for the singer said Saturday the pair decided a break was best while they focus on "themselves and careers ". Click through the gallery for Miley Cyrus and Liam Hemsworth's red carpet moments from the past decade...

Trump thumbs-up photo with orphaned baby in El Paso sparks controversy
In an effort to squash criticism over the photo, Mr Anchondo has told NPR "people are misconstruing President Trump's ideas".

Broadcom to Buy Symantec's Enterprise Unit for $10.7 Billion in Software Push
The transaction is expected to generate more than $1 billion of run-rate cost synergies within 12 months following close. The enterprise business generated about US$2.3 billion in sales in the past fiscal year.

"If President Trump goes ahead with the 10% tariffs on all remaining Chinese goods come September 1, that's really going to increase the price of things like electronics", Locke said. "So this latest upping the ante of the trade war is not good for either side".

"I think the economy of China could really implode if this trade war continues", he said.

Donald Trump tweeted from his official twitter handle, "Massive amounts of money from China and other parts of the world are pouring into the United States for reasons of safety, investment, and interest rates!" the president said on Twitter.

"The Chinese government is trying to masquerade the impact that these tariffs are having on the Chinese economy".

Conseillé:

  • UAE issues advisory against travel to Kerala due to floods

    UAE issues advisory against travel to Kerala due to floods

    Last year, more than 200 people were killed in Kerala in what was described as the state's worst flooding in 100 years . A landslide in the Nilambur region of the Malappuram district led to 40 people getting stranded.
    Lowry follows McIlroy advice to enjoy Open victory

    Lowry follows McIlroy advice to enjoy Open victory

    Lowry will tee off on the first hole on Friday morning in a group which includes Australian Adam Scott and American Kevin Kisner. The win in Portrush I didn't know whether I would actually get a chance to live something like that.
    Oh, Canada! Teenager Bianca Andreescu makes Rogers Cup final

    Oh, Canada! Teenager Bianca Andreescu makes Rogers Cup final

    Now it could be her turn, as she awaits the victor of Williams' match Saturday night against 21-year old qualifier Maria Bouzkova. She had three chances to finish the match before the second set went to a tiebreaker, but Kenin fought back every time.
  • Instagram bans startup over wrongfully collecting user data

    Instagram bans startup over wrongfully collecting user data

    Hyp3r marketing firm removes from Instagram after the allegedly violating social network policies. Notably, Instagram only did something about this after Business Insider flagged the abuse.
    'PURE EVIL': 4 stabbed to death in California robbery spree

    'PURE EVIL': 4 stabbed to death in California robbery spree

    He also allegedly robbed an insurance business, where an employee was stabbed several times, as well as a cheque-cashing business. She is expected to survive. "We have video showing him attacking these people and conducting these murders", Whitney concluded.
    One Injured In Norway Mosque Shooting, Suspect Arrested

    One Injured In Norway Mosque Shooting, Suspect Arrested

    The " shooting incident " occurred on Saturday afternoon at the al-Noor Islamic Centre, local police confirmed. He was overpowered by members of the mosque before police arrived, the mosque director said.
  • Naissance d'un bébé cerf cochon au parc animalier — Auvergne

    Naissance d'un bébé cerf cochon au parc animalier — Auvergne

    Le bébé cerf cochon est désormais visible dans le parc par les visiteurs, notamment lors des nourrissages. De la famille des cervidés, on le trouve du Pakistan au sud-est de l'Asie.
    AMD soars after Google, Twitter say they're using its new chips

    AMD soars after Google, Twitter say they're using its new chips

    Customers can enjoy all-new "Zen 2" CPU architecture with up to 64 cores from their current AMD EPYC™ processor-based platforms. Also available for system builders is GIGABYTE's MZ32-AR0 motherboard which forms the base of the R152 and R272 server series.
    Royals-Red Sox tied in 10th, suspended due to rain

    Royals-Red Sox tied in 10th, suspended due to rain

    Boston Red Sox starting pitcher Andrew Cashner (48) pitches during the first inning against the Kansas City Royals at Fenway Park. Cashner has given up at least six runs in three of his five starts after he was acquired from the Orioles in mid-July.
  • Pays-Bas: une partie du toit du stade de l'AZ Alkmaar s'effondre

    Pays-Bas: une partie du toit du stade de l'AZ Alkmaar s'effondre

    Une partie du toit du stade d'Alkmaar s'est effondrée, sûrement à cause des vents violents présents dans la région. Fort heureusement, le stade était vide au moment des faits, aucun blessé n'est donc à déplorer.
    Aaron Mooy signs for Brighton on year-long loan from Huddersfield

    Aaron Mooy signs for Brighton on year-long loan from Huddersfield

    Australian worldwide midfielder Aaron Mooy will remain in the Premier League with Brighton after sealing a season-long loan move from Huddersfield yesterday.
    Keep Blagojevich in prison

    Keep Blagojevich in prison

    In his comments this week, Trump expressed sympathy for the Blagojevich daughters and admiration for Patti. President Donald Trump's statement that he was considering commuting the sentence of the ex-governor.


Populaire

45 killed as separatists take military camp in Yemen
Considered Yemen's temporary capital, Aden is where the Saudi-backed Yemeni government has based itself since 2015. The UAE, which has armed and trained thousands of southern separatist fighters, earlier called for calm and unity.

La réaction de Steve Mandanda après la défaite face à Reims — OM
On a de grands joueurs. on a frappé le poteau, et ça aurait aussi pu tourner en notre faveur.je dois chercher la solution. Pour le mercato? On est en difficulté sur le fair-play financier, je ne vais pas me répéter.

Ligue 2 : Lens arrache le nul face à Clermont
Un faux-pas d'un des deux clubs sera guetté par Lorient et Chambly, qui complètent le quatuor des formations à six points. En cas de victoire, Clermont pouvait espérer prendre seul la tête du classement.

Quentin Tarantino Says His Last Film Will Be Horror If He ‘Comes Up With Terrific Story’
A script for Tarantino's potential R-rated " Star Trek " movie already exists, written by " The Revenant " scribe Mark L. For years, Oscar-winning filmmaker Quentin Tarantino has said that he will retire from features after 10 films.

Listen to Megan Thee Stallion, Nicki Minaj's 'Hot Girl Summer' anthem
The track was originally scheduled to be released August 2, but was delayed to give Minaj time to add her verse. She's been using #HotGirlSummer as a slogan on social media, now Megan Thee Stallion has gone one further.

Libya's warring sides agree to UN-backed temporary Eid truce
Benghazi was the birthplace of a 2011 revolt that toppled Libya's long-time dictator Moamer Gaddafi. A spokeswoman for the United Nations mission in Libya did not answer phone calls seeking comment.

Huawei lancerait un smartphone sous son OS avant fin 2019 — Hongmeng OS
Pour les smartphones, les objets connectés, ou les deux? Il serait présenté en même temps que la nouvelle gamme Huawei Mate 30 . La firme chinoise devrait reprendre du début, tout en profitant de la grande présence de ses smartphones sur le marché.

Manchester City opens Premier League title defense by bossing West Ham
Premier League - Follow the Football match between West Ham United and Manchester City live with Eurosport. He scored with his right foot, left foot and head as the 21-year-old tore apart City at Villa Park.

IPhone : Apple vous décourage de faire réparer votre batterie en la "verrouillant"
Outre le message apparaissant sur les dernières versions d'iOS, la batterie peut fonctionner parfaitement. Il sera donc écrit: "Impossible de vérifier que cet iPhone possède une batterie Apple d'origine".

Fusillade dans une mosquée à Oslo — Norvège
Les services de sécurité de la police norvégienne (PST) ont indiqué "suivre les évènements". Nous ne connaissons pas le niveau de gravité de ses blessures.