Trump, Xi got what they wanted in a stronger yuan
“China and the U.S. have deep and possibly irreconcilable differences. As the the world’s two economic superpowers, they also have an oddly symbiotic relationship. Both want to avoid a full-blown trade war if possible. A fascinating question is which has most to lose, and neither is certain of the answer. They also have a common interest in a weaker dollar.”
USAGOLD note: Authers has a way of getting down to the real nitty-gritty on global financial issues. In this opinion piece, he speaks directly to the interests of a good many with respect to a beneficial outcome for Trump and Xi.