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The U.S. designated China as a currency manipulator for the first time since 1994 as President Trump moved to retaliate against Beijing.

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The U.S. designated China as a currency manipulator for the first time since 1994 as President Trump moved to retaliate against Beijing.
Monday, August 5, 2019 6:14 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 and Chinese enterprises stopped making new purchases of American farm goods.

The escalation shook world markets and Wall Street suffered its worst day of the year.

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