The safe-haven yen firmed slightly and the Chinese yuan and Australian dollar di...
TOKYO - The safe-haven yen firmed slightly and the Chinese yuan and Australian dollar dipped on Monday, after the latest escalation in the trade war between the United States and China.
The trade conflict had escalated on Friday, with the United States raising tariffs on $200 billion worth of Chinese goods. China has vowed to retaliate but has not given details. U.S. President Donald Trump and his Chinese counterpart Xi Jinping are likely to meet during a G20 summit in Japan at the end of June and discuss trade, White House economic adviser Larry Kudlow said on Sunday.
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