Will China’s Devaluation ‘Suck the Blood’ Out of U.S.?

One Big Yuan

Maybe Donald Trump thinks the Chinese are ‘sharp and cunning’ when they drop the value of the yuan, but it’s not an easy decision, or a wise one.

Published Aug. 12 2015 12:44PM EDT

articles/2015/08/12/will-china-s-devaluation-suck-the-blood-out-of-u-s/150812-hong-china-currency-tease_m7qkyt — Jason Lee/Reuters

HONG KONG — On Tuesday, the People’s Bank of China devalued the nation’s currency, the renmenbi (or yuan), by 2 percent. The cumulative fall since the beginning of the week is 3.5

Brendon Hong

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Will China’s Devaluation ‘Suck the Blood’ Out of U.S.?

Maybe Donald Trump thinks the Chinese are ‘sharp and cunning’ when they drop the value of the yuan, but it’s not an easy decision, or a wise one.

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Brendon Hong