Chinese currency drops 6.78 per US dollar
US President, Donald Trump has dramatically increased pressure on China to reach a trade deal. President Trump said he would hike US tariffs on $200 billion lift on Chinese goods. Meanwhile some residents in Beijing have said they are already boycotting US products in their country, while some said the additional tariffs might compel the Chinese to add quality to their products to keep up with market pressures. The tariff threats of President Donald Trump have made Chinese investors in America to cut off guard in the country.