Por Miguel A. Kiguel
Todos sabemos cómo funciona el cepo, y hemos aprendido a vivir con tasas de interés reales negativas, a usar el dólar Contado con Liqui para eludir los controles...
The trade war enters a new stage
Weekly Reports |
Back to
Back to :
The trade war enters a new stage
First week
August 2019
Donald Trump is back at it and has upped his threats against China. Last Friday he presented a 10-percentage-point increase on tariffs starting September 1st, which will affect USD 300 billion in Chinese exports to the US. For the first time China replied more bluntly, allowing its currency to depreciate 1.5% and surpassing 7 Yuan per Dollar, its lowest value in ten years. We must pay attention to China’s vigorous decision, since it is something new that had not happened before in the trade conflict with the US. After this decision, Trump went on and once again accused China of “manipulating” the Yuan.
Other Reports that may be of interest
 |
 As expected, the Fund's Board of Directors approved the review of Argentina's program, although it made it clear that Massa failed to meet all goals. The IMF applauds the fiscal effort promised by... |