Thought about this during a fight today ... currency stuff isn’t really my ball of wax..
If China weakens their yen then their exports are cheaper and they “shoud” be able to gen up more trade.
However, it will also mean that their own people can’t buy as much as they could before... inflation....unless they push their internal interest rates up to prevent it.
I’m guessing this is the “other” reason, besides a Trump response, they eased off some today. They started to get internal pushback or info on the internal response.
flight not fight