https://apnews.com/688152d6b03148bfafe441aff17488d5

BEIJING (AP) — China allowed its yuan to sink to an 11-year low Monday after President Donald Trump sent jittery financial markets tumbling by announcing new tariff hikes and threatening to block American companies from doing business with this country.

The escalation in the fight over trade and technology prompted warnings that chances for a settlement were disappearing.