- US-China trade war is masking the REAL EVENT: Global Financial Reset, Return to Gold Standard.
- The Duran Published on Aug 6, 2019
The Duran Quick Take: Episode 268. The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the economic and political divorce unfolding between the U.S. and China. President Trump announced last week that the U.S. would add 10% tariffs on $300 billion of Chinese goods starting Sept. 1. When that tariff takes affect, the U.S. will have imposed elevated tariffs on all goods it buys from China. In response, China allowed its currency, the yuan, to weaken to more than 7 per U.S. dollar, a level many analysts considered important. Trump called the slide in the Chinese yuan “a major violation.” For the first time in 15 years, the U.S. Treasury Department proceeded to name China a currency manipulator.