And that’s why the pressure is working.
Via Daily Wire:
President Donald Trump’s latest trade war escalation against China appears to have had an immediate effect on Asian markets and the Chinese Yuan, sending both tumbling early on Monday morning.
“China’s yuan currency fell to 7.1487 to the dollar, its weakest level since early 2008 at the height of the global financial crisis,” AFP reported. “On equity markets, Hong Kong led losses, slumping more than three percent, with investors also spooked by fresh violent protests in the city that saw police use water cannon for the first time. Shanghai lost 1.3 percent and Tokyo ended the morning more than two percent off.”
Chinese Vice Premier Liu He indicated early on Monday that the communist nation was willing to negotiate with the U.S. to prevent the trade war from escalating.
Reuters reported that “Liu, China’s top trade negotiator, was speaking at a tech conference in Chongqing in southwest China” when he made the remarks.