The trade war between Washington and Beijing took an unexpected turn last week as China let its currency drop sharply and the United States responded by officially designating the country a currency manipulator.
The confrontation underscored the Trump administration's focus on weakness in foreign currencies - and the corresponding strength of the dollar - as a drag on the US economy.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you