(Reuters) – Wall Avenue’s foremost indexes fell sharply on Monday, led by know-how firms, as China’s willingness to let the yuan slide in response to the most recent U.S. tariff menace fanned fears that it might additional irritate an ongoing commerce struggle.

FILE PHOTO: Merchants work on the ground on the New York Inventory Change (NYSE) in New York, U.S., August 2, 2019. REUTERS/Brendan McDermid

China let the yuan breach the important thing 7-per-dollar degree for the primary time in additional than a decade on Monday, and President Donald Trump slammed it as “a serious violation”.

Trump shocked monetary markets final week by threatening to impose 10% tariffs on the…

Source link