The Rhetoric Of The President Trump Administration Has Lowered The Yuan!

The Rhetoric Of The President Trump Administration Has Lowered The Yuan!

US President Donald Trump has dubbed the COVID-19 virus the Chinese virus or the Chinese virus. The U.S. President Donald Trump used Chinese virus phrases in his first statements, and recently, the Beijing Administration became very angry after Chinese virus phrases were widely uttered. The US administration is also using the same statements as Trump, while Beijing claims the US is acting in a “racist” way against them on the issue. After President Trump's discourse of each Chinese virus, the Chinese Yuan depreciates slightly against the US Dollar, while Chinese citizens point out that this is reflected in cryptocurrencies and that there are larger differences in purchases and sales from some exchanges that sell cryptocurrencies in the local currency. While hot waters in the Washington and Beijing line have not stopped recently, the US Dollar is expected to gain more value against the Yuan in a short period of time.