|Bid||26.98 x 300|
|Ask||0.00 x 0|
|Day's Range||27.31 - 27.40|
|52 Week Range||24.04 - 27.74|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.45%|
Will New Tariffs Push China to React? In its arsenal to counter Trump’s aggressive tariffs, China could resort to the devaluation of its currency (CYB) against the US dollar (UUP) as one of its possibilities. Devaluing its currency (CNY) would partially offset the impact of tariffs, as US consumers would be paying less in US dollars to buy Chinese imports.
Will New Tariffs Push China to React? The first week of April proved to be a roller coaster ride for the markets. Markets began and closed the week with sharp selling as the trade friction between the US and China escalated further.
As we discussed in the previous part of this series, China (FXI), Japan (EWJ), Ireland, and the Cayman Islands hold the majority of the debt issued to the United States. The reason for these countries holding such high US debt is the trade surplus with the United States. The United States pays for this trade deficit in US dollars (UUP), and these countries use these surplus funds to buy dollar assets, mostly US government debt.
The Chinese yuan, or renminbi, is known as "the people's currency," and reflects the country's rapidly evolving financial and market-based policies.