From trade war to currency war is a perilously simple step. As the US-China tariff skirmish escalates and the renminbi sinks against the dollar, there is a growing risk that President Donald Trump may take it. The more specific concern in the markets is that the US administration could intervene directly to weaken the dollar. While the yen, the euro and sterling are all potential targets, the greatest scope for global financial instability relates to the US and China.
從貿易戰走向貨幣戰是兇險且簡單的一步。隨著美中關稅摩擦升級、人民幣對美元匯率下跌，唐納德?特朗普(Donald Trump)總統邁出這一步的可能性越來越大。市場更確切地說是擔憂美國政府可能直接干預，讓美元貶值。雖然日元、歐元和英鎊都是潛在目標，但最有可能引起全球金融不穩定的是與美國和中國相關的因素。
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