The U.S. Treasury Designates China a Currency Manipulator: What Comes Next?

Retailers and agriculture professionals are paying close attention to the ongoing developments in the China-U.S. trade war.

The United States Treasury on Monday declared China a currency manipulator, which the Asian nation steadfastly rejected.

The recent round of tariffs on $300 million on Chinese goods set to begin on Sept. 1 triggered China to devalue its currency in order to make its exports more attractive on the global marketplace.

The latest tariffs issued by President Donald Trump specifically target products found in retail products like footwear and children’s toys.

China also officially pulled out of buying U.S. agricultural products. The country is America’s fourth biggest importer of farm products as of 2018 behind Mexico, Canada and Japan.

The American farmland has already been damaged by serious floods and the ongoing trade war and it is unclear what solutions are on the way.

For the latest on the trade war between the U.S. and China, head to our industry pages! You can also follow us on Twitter at @MarketScale. Join the conversation on our Market Leaders LinkedIn groups today!

Follow us on social media for the latest updates in B2B!

Image

Latest

DisruptED in Advanced Manufacturing: The Bridgestone Story with Will Robbins Pt. 1
February 14, 2025

The automotive world is seeing some unprecedented change, and the tire industry is no exception. As electric vehicles (EVs) grow in popularity, sustainability is a major concern. With new mobility trends emerging, companies like Bridgestone are at the forefront of innovation. Additionally, with the popularity of vehicles on the road being fitted with Bridgestone or…

Read More
advanced manufacturing
Female Leaders in the DisruptED World of Advanced Manufacturing with Rachel Potee
February 14, 2025

The manufacturing industry is undergoing rapid transformation, with automation, AI, and cutting-edge technology redefining how products are made and distributed. Despite these advancements, one challenge remains: gender diversity. Women still hold a disproportionately low number of leadership positions in manufacturing, making stories of female leaders all the more essential. In fact, according to a…

Read More
Co-Sell Connection 2025
Verizon Partner Network Co-Sell Connection 2025 Kick Off
February 13, 2025

The Co-Sell Connection 2025 webinar kicked off with a warm welcome from the host, Cesar Turan. The series aims to spotlight Verizon products and solutions and provide insights from top thought leaders to help navigate the evolving business landscape. Key Speakers and Topics In this session, Verizon’s partner leadership team, including Martina the Channel…

Read More
Financial Advisor
The Must-Have Financial Advisor Tech for 2025
February 13, 2025

The financial advisory industry is undergoing rapid technological change, with AI-driven tools, alternative investments, and social-driven platforms reshaping the landscape. With rapid advancements in fintech, advisors are under increasing pressure to integrate cutting-edge technology into their practice. But with so many options, which tools are truly game-changing, and which are overhyped? A critical resource…

Read More