David Xia: China Can’t Depreciate Renminbi Any More to Offset US Tariffs Posted on 2018-10-212022-02-09 by zieditor Zooming In with Simone GaoSun, October 21, 2018 4:23amURL:Embed:President Trump planned to raise tariffs from 10% to 25% on 200 billion dollars of Chinese goods. Will Mr. Trump’s strategy of maximum pressure succeed? How would China respond? Let’s hear from David Xia again.