.RebeccaJarvis: 'You have a game of chicken taking place between the U.S. and China right now.' 'More and more investors on Wall Street believe the United States is walking itself into a corner.'
Stocks plunged on Monday amid renewed worries over President Donald Trump's intensifying trade war with China, the world's second-largest economy behind the U.S.
The tumble came after China's central bank allowed its currency, the yuan, to fall to its lowest level against the U.S. dollar in more than 10 years. China dropped the price of their currency to an almost a historic low. It’s called “currency manipulation.” Are you listening Federal Reserve? This is a major violation which will greatly weaken China over time!
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