China's yuan hit a record low today after President Donald Trump threatened Beijing with additional tariffs of 50%, bringing the total tax to 104% (and which will take effect on Wednesday).
According to foreign media, it is reported that the Yuan reached its lowest level since it began trading in 2010, writes A2 CNN.
Meanwhile, markets are bracing for what could turn into a trade war between the US and China.
Beijing has refused to bow to what it calls "blackmail" and has vowed to "fight to the end," writes A2 CNN.
We recall that last week Trump imposed tariffs on many other countries around the world, which were at different percentages for different countries. (A2 Televizion)
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