FOREX-Yen firms, yuan falls as Trump China tariff threat jolts markets

The safe-haven yen climbed and the yuan slid on Monday after U.S. President Donald Trump threatened to increase tariffs on China, sending riskier assets into a spin and slamming stock futures. Trump on Sunday increased pressure on China to reach a trade deal by announcing he will hike U.S. tariffs on $200 billion worth of Chinese goods this week and target hundreds of billions more soon.

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