In 2019, the United States enacted trade barriers to restrict imports from China. Use the three-step recipe for forecasting exchange

In 2019, the United States enacted trade barriers to restrict imports from China. Use the three-step recipe for forecasting exchange rate movements to explain how you expect the price of the U. S. dollar in yuan to respond to these trade barriers. a. The price of the U. S. dollar in yuan will in response to these trade barriers enacted by the United States. b. Chinese policy makers responded by enacting tariffs against U. S. imports to China. The price of the U. S. dollar in yuan will in response to these retaliatory trade barriers enacted by China.

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