If Tariffs Increase, Offshore Renminbi Will Depreciate Sharply, Says Nomura’s Chan

The transcript discusses the potential escalation of trade tensions between the US and China, focusing on President Trump's risky tariff strategy. It examines the implications for markets, particularly the offshore yuan, and debates the likelihood of China being labeled a currency manipulator. Various scenarios are considered, including the probability of tariffs going into effect and the chances of reaching a trade deal.

Discuss the implications of accusations of China being a currency manipulator during trade negotiations.

What are the chances of a trade deal being reached according to the analysis provided?