http://www.marketwatch.com/story/trump-may-soon-label-china-a-currency-manipulator-deutsche-bank-says-2017-02-07?siteid=yhoof2&yptr=yahoo&ref=yfp
This will cause hyperinflation across the globe because of the punitive tariffs.
USA will have more to lose than China because China has more ammunitions than USA. USA has more investments in China than China investments in USA. Hyperinflation will hit USA first and USA has to raise interest rate in March 2017.
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China will continue to reduce its USA treasuries and this will put pressure on USA resistance to raise interest rates.
https://www.bloomberg.com/news/articles/2017-02-10/china-said-to-assess-impact-of-possible-punitive-u-s-tariffs
China is preparing for the trade war and doesn't believe in what Trump wrote in his letter to China.
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