The Middle Kingdom Strikes Back

Check this out:

How about that? China has trade weapons other than tariffs at its disposal. Who knew? Well, China did, for one. They released a statement blaming the depreciation of the yuan on “the effects of unilateralist and trade-protectionist measures and the expectations for tariffs against China.”

And now the whole world is panicking. Here’s another chart from the Wall Street Journal:

Buckle your seatbelts.

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