Yuan Depreciation Has Further to Go, Says Coutts' Chovin

The video discusses the dynamics of the trade war, focusing on the readiness of the EU and the peso, the pricing of the yuan, and potential currency strategies. It explores US-China trade tensions, including tariffs and the possibility of currency depreciation. The discussion also covers global trade alliances and the impact of IP theft accusations against China, suggesting that China may need to compromise due to pressure from the US, Europe, and Japan.

According to the text, what has been the consensus regarding China's trade practices since joining the WTO?

What does the speaker suggest about the collaboration between the US, Europe, and Japan against China?