Uncertainty over China’s retaliatory: China’s tough retribution to President Donald Trump’s tariffs has raised fears of a recession, which has caused anxiety in global requests.
Due to this anxiety, the US dollar has fallen sharply against the European Union and other major currencies on Wednesday.
According to the AFP news agency, the bone fell 1.1 percent against the euro to 1.1083. The bone
also fell against the Swiss franc and the Japanese yearning. The Swiss franc and the Japanese yearning are considered safe haven currencies.
It should be noted that US President Donald Trump has blazoned the duty of tariffs on goods imported from around the world, after which some countries have redressed. When the US assessed tariffs on China, China also assessed retaliatory tariffs. After that, the US increased the tariff rate on China to 104 percent, which China responded by reducing the tariff rate to 84 percent.