Monday 5 August 2019

Treasury Declares China A 'Currency Manipulator,' Escalating Trade War

The Dow Jones Industrial Average closed down Monday, as did the S&P 500 and Nasdaq, as trade tensions between the U.S. and China increased.

The Trump administration made the declaration after Beijing allowed its currency to drop sharply. China's move triggered a sell-off on Wall Street.

(Image credit: Richard Drew/AP)



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