RMB to USD exchange rate dropped a lot

March 27th, 2018, the RMB to USD exchange rate dropped a lot in one day. From 1 USD:6.33 RMB drop to 1 USD:6.23 RMB. At the time of Donald Trump raise the import duty of the products which are from China, the exchange rate changed a lot. Is it the begin of the so called Trade War?


As an exporting company, it influences a lot. The exchange rate drop means the price of the products which caculate by the USD will raise up. Meanwhile, will raise the customers' costs. China still as the World Factory, the purchasing costs raise will influence the people's daily life of the whold world.


At the same time, it will put more pressure on China's exporting companies, the business will be get harder, the profit may get lose as well. Hope the world back to peace and stable soon.


Peace and Love.



Leo
Eric
ZHAO
Nana
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