How The US-China Trade War Turned Into A Currency War

The Trump administration has turned its sights on China’s currency as the two countries continue to trade blows in the ongoing trade war. In early August 2019, the U.S. Treasury Department designated China as a currency manipulator, shortly after the yuan fell sharply and send markets into a tailspin. Here’s what a currency war looks like, and what it means for the trade war and global markets. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC How The US-China Trade War Turned Into A Currency War