China lets currency sink
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China allowed its yuan to sink Monday and U.S. President Donald Trump said the two sides will talk "very seriously" about a war over trade and technology following tit-for-tat tariff hikes and Trump's threat to order American companies to stop doing business with China.
The escalations prompted warnings that the chances of a settlement of the fight that threatens to tip the global economy into recession were disappearing.
But at a conference in France, Trump said serious negotiations would begin.
