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Stocks tank in escalating US-China trade war

U.S. stocks plunged to their worst loss of the year Monday and investors around the world scrambled to sell.

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China could be using devaluation of yuan as trade war weapon

China let its yuan to fall below the politically sensitive level of seven to the U.S. dollar on Monday for the first time in 11 years, prompting concern Beijing might use devaluation as a weapon in the tariff war.

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