What's the psychological significance of 7 in the on-going trade war?



China is yet to weaponize the Renminbi in its tariff war with America. Until now, the depreciation in Yuan has helped counter the implications of tariffs by the Trump government. The same might change soon as the Chinese currency has reached its lowest levels since May 2008 (combine that with a slumping stock market, slowing growth , shaky real estate sector and an uptick in inflation). With experts predicting two rate hikes in the next two quarters by the Fed, it remains to be seen the economic measures to be pursued by the various stakeholders globally amidst the changing dynamics.