Senior Fellow at Chatham House
Jul 23, 2018
China’s monetary policy has come to the fore now that U.S. President Donald Trump has imposed import tariffs on a range of Chinese goods. Many are wondering if China will respond to Trump’s trade war by threatening a currency war. China has enough financial and monetary leverage to bring the U.S. economy to its knees, but having the weapons it needs does not mean that China can afford to use them.