India's exports battle amid US-China trade war: Explained in 7 charts

Several indicators point to a loss of momentum for the global economy

The US-China trade war is scaling new heights. US President Donald Trump recently announced 10 per cent tariff on $300 billion worth of untaxed Chinese imports. China responded by allowing the yuan to depreciate to its lowest against the dollar since 2008 (Chart 1). The rupee also lost 2 per cent on August 5, its biggest one-day loss in six years. 

Earnings on Wall Street have peaked and the US bond yields have slipped (Chart 2), raising an alarm that the US economy might slip into a recession. Further, concerns over global economic growth are rising. While China and the