CNBC: Germany’s auto giants were already reeling. Now Trump wants to turn them into American companies
CNBC reports: President-elect Donald Trump’s pledge to impose a blanket tariff on all goods coming into the U.S. could ...
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CNBC reports:
Chinese authorities are contending with a weakening yuan as global investment banks forecast the currency to hit record lows, in anticipation of U.S. president-elect Donald Trump following through with his tariff threats.
Major investment banks and research firms project offshore yuan to weaken to an average 7.51 per dollar through the end of 2025, according to CNBC’s calculation of forecasts from 13 institutions.
That would mark the currency’s weakest level on record, according to LSEG data going back to 2004…
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