Why is the United States concern about China's devaluation of the yuan?

2 answers:

7 0

Answer: it might force the Fed to cut interest rates by more than it would otherwise to sustain its desired pace of growth and price gains.

Explanation:

skad [1K]3 years ago

6 0

Answer and Explanation:

The American tariffs on China slow China's growth, weakening its currency and making the American dollar relatively strong. A stronger dollar cuts into inflation in the United States, and it might force the Fed to cut interest rates by more than it would otherwise to sustain its desired pace of growth and price gains.

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