Close Menu
    Trending
    • Why the AI pin won’t be the next iPhone
    • CNN’s Scott Jennings Demolishes Fellow Panelists on What Trump and Republicans Have Accomplished So Far (VIDEO) | The Gateway Pundit
    • Boeing evades 737 MAX trial after settlement with man whose family died in Ethiopia
    • At least 4 dead, 20 missing after boat sinks off Dominican Republic | Migration News
    • Three potential landing spots for Red Sox reliever Aroldis Chapman
    • Why Waiting for Monthly Financial Reports Is Creating Blind Spots and Slowing Your Growth
    • Epstein – Bondi – Deep State
    • Democrat State Senator From Nebraska Defends Illegal Alien and Accused Murderer, Calling ICE the ‘Gestapo’ | The Gateway Pundit
    The Daily FuseThe Daily Fuse
    • Home
    • Latest News
    • Politics
    • World News
    • Tech News
    • Business
    • Sports
    • More
      • World Economy
      • Entertaiment
      • Finance
      • Opinions
      • Trending News
    The Daily FuseThe Daily Fuse
    Home»Politics»Chinese Yuan Falls to Lowest Level Since 2007 After Trump Tariffs Kicked In | The Gateway Pundit
    Politics

    Chinese Yuan Falls to Lowest Level Since 2007 After Trump Tariffs Kicked In | The Gateway Pundit

    The Daily FuseBy The Daily FuseApril 10, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Chinese Yuan Falls to Lowest Level Since 2007 After Trump Tariffs Kicked In | The Gateway Pundit
    Share
    Facebook Twitter LinkedIn Pinterest Email


    President Trump and Chinese language chief Xi Jinping throughout Trump’s first full time period in workplace.

    President Trump’s “reciprocal” tariffs on dozens of nations together with China came about on Wednesday. That included the 104% tariff on Chinese language items coming into the US.

    Already, the administration’s tariffs plan are particularly hitting China onerous.

    The Chinese language yuan fell to its lowest degree in 17 years since 2007. On Wednesday the yuan ended the day at 7.3498 to the US greenback.

    China has turned to the European Union and the Southeast Asian Nations (ASEAN) because the commerce conflict with the US takes its toll.

    The South China Morning Press reported:

    Commerce Minister Wang Wentao held a video name with EU Commerce Commissioner Maros Sefcovic on Tuesday, throughout which either side agreed to right away start negotiations on electrical automobile (EV) pricing and talk about funding ties within the auto sector, in line with a press release launched by China’s Ministry of Commerce on Thursday.

    In addition they signalled their readiness to launch market entry talks as quickly as potential and supported the resumption of a bilateral commerce treatment dialogue to handle commerce frictions associated to EU considerations in regards to the diversion of Chinese language exports beforehand destined for the US.

    The concrete dialogue between Wang and Sefcovic adopted a extra wide-ranging assembly between Premier Li Qiang and European Fee President Ursula von der Leyen earlier on Tuesday.

    Shares climbed greater on Thursday.
    Through ABC Eyewitness News.

    Hong Kong’s Hold Seng Index climbed 2%, the Shanghai Composite Index jumped 1.1% and the Shenzhen Part Index rose 2.2%.

    In Europe, the pan-continental STOXX 600 index jumped greater than 7%.

    Upon opening, Britain’s FTSE 100 climbed 6%, France’s CAC 40 6.4%, Germanys DAX 8%, Italys FTSE MIB 7.5% and Spains IBEX 7.2%.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    The Daily Fuse
    • Website

    Related Posts

    CNN’s Scott Jennings Demolishes Fellow Panelists on What Trump and Republicans Have Accomplished So Far (VIDEO) | The Gateway Pundit

    July 12, 2025

    Democrat State Senator From Nebraska Defends Illegal Alien and Accused Murderer, Calling ICE the ‘Gestapo’ | The Gateway Pundit

    July 12, 2025

    BREAKING: Biden Judge Blocks Trump DHS From Carrying Out Raids at Home Depots, Car Washes – Prevent Agents From Relying on Race, Type of Work When Making Arrests | The Gateway Pundit

    July 12, 2025

    NORTHERN DYSTOPIA: Royal Canadian Mounted Police Warns Citizens To Be Vigilant, for ‘People With Traditional Values Can Be Extremists’ | The Gateway Pundit

    July 11, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    What is Flagg’s earning potential after being selected No. 1?

    June 27, 2025

    Jennifer Lopez Stuns In All-Brown Monochrome At Pre-Grammys Party

    February 3, 2025

    Israel Bombards Gaza Seeking to Kill Top Hamas Leader, Officials Say

    May 13, 2025

    Canada Will Use Its Retaliatory Tariff Earnings to Aid Workers and Businesses

    April 10, 2025

    The president must affirm his commitment to the Constitution

    May 6, 2025
    Categories
    • Business
    • Entertainment News
    • Finance
    • Latest News
    • Opinions
    • Politics
    • Sports
    • Tech News
    • Trending News
    • World Economy
    • World News
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 Thedailyfuse.comAll Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.