US-China trade war heats up

US stocks fell in the worst trading day of the year on Monday after China allowed the value of the yuan to sink to an 11-year low.

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    US stocks fell in the worst trading day of the year on Monday after China allowed the value of the yuan to sink to an 11-year low. The devaluation of the yuan was the latest step in the United States-China trade war.

    It followed a threat by US President Donald Trump on Friday that the US would impose another $300bn in tariffs on Chinese imports. Beijing is also moving to stop companies from buying US farming products.

    Al Jazeera's Scott Heidler reports from Beijing.


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