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Stocks plunged nearly 3% as China sharply escalated the trade war with moves to weaponize its currency and limit U.S. agricultural products.
Monday, August 5, 2019 4:03 PM EST
The trade war between the United States and China entered a more dangerous phase on Monday, as Beijing allowed its currency to weaken, Chinese enterprises stopped making new purchases of American farm goods and President Trump indicated he would look for ways to retaliate.


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Stocks Close Sharply Lower as Yuan Reels and Trump Jabs at China
Dow, S&P, Nasdaq slide; Trump accuses China of engaging in currency manipulation
https://www.wsj.com/articles/stocks-yuan-drop-sharply-as-trade-spat-intensifies-11564981961


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