China’s currency falls to the lowest exchange rate in years. This strategy might be used to avoid the decrease between imports from China to the US. According to Robert Carnell of Ing “a concerted series of steps aimed at pushing back at the latest U.S. tariffs.” More information can be found on the following links.
https://www.washingtonpost.com/business/chinas-yuan-falls-below-7-to-us-dollar/2019/08/04/b965158a-b726-11e9-8e83-4e6687e99814_story.html?utm_term=.820c8f89cc72
https://www.npr.org/2019/08/05/748155575/chinas-currency-falls-to-lowest-exchange-rate-in-11-years