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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: ryanaka who wrote (1130754)	4/19/2019 3:05:09 PM
From: ryanaka	1 Recommendation Recommended By sylvester80 Respond to of 1578510

#MABA "A similar scenario will likely play out with China. The Trump Administration and many investors and observers fear that China will devalue the yuan, either to ease the tariff burden the US has imposed or to boost its exports. It appears China has agreed not to do this and instead maintain a stable yuan. This is a victory; we are assured by the best and brightest. They are mistaken. It is a pyrrhic victory at best. China will feel the sting of US tariffs, though we have argued that given the import-intensity of China’s manufactured exports, and the relatively limited value-added, the yuan would need to depreciate by a lot more than it had in order to offset the tariff increase or boost Chinese exports. The reason Chinese officials so readily accept this US demand was that a stable yuan was already policy. A stable yuan is a Trojan Horse. Many Chinese officials know this. They fear that the US will do to it what it did to Japan and Germany. "