BEIJING - China's yuan fell below the politically sensitive level of seven to the U.S. dollar on Monday, possibly adding to trade tension with Washington. The currency weakened to 7.0177 in early trading following President Donald Trump's threat last week of tariff hikes on additional Chinese imports in a fight over Beijing's trade surplus and technology policies. The yuan's weakness is among a series of U.S. complaints that are fueling tensions with Washington. American officials complain a weak yuan makes China's exports too inexpensive, hurting foreign competitors and swelling Beijing's trade surplus. The level of seven yuan to the ...
Keep on reading: China’s yuan falls below 7 to US dollar
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