Trump has succeeded. Lots of people in China are now buying Huawei phones

The Huawei booth at the International Consumer Electronics Expo in Beijing early this month. Going hard on Huawei was the wrong way for the United States to confront China over its grievances - even if many of them are entirely valid, says the writer
The Huawei booth at the International Consumer Electronics Expo in Beijing early this month. Going hard on Huawei was the wrong way for the United States to confront China over its grievances - even if many of them are entirely valid, says the writer.PHOTO: REUTERS

BEIJING • The Chinese government last week aggressively devalued its currency - the clearest sign yet that it is hunkering down for a protracted fight with the United States over trade.

Currency devaluation is the mother of all retaliations. The move, designed to help offset the Trump administration's tariffs against China, could goad America into a currency war, and that would rattle the global economy more than any trade war.

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A version of this article appeared in the print edition of The Straits Times on August 13, 2019, with the headline 'Trump has succeeded. Lots of people in China are now buying Huawei phones'. Subscribe