Stocks are taking a hit around the world to mid fears of an escalation in the trade war between the worlds 2 largest economies china has been letting its currency slide raising concerns that they could be used as a weapon in the trade standoff with the United States on monday washington designated beijing a currency manipulator its 1st such move in 25 years chinas official communist Party Newspaper responded saying the u. S. Is deliberately destroying International Order that u. S. Announcement came hours after beijing let its currency we can fell 2. 3 percent in 3 days since president declaration that he would be expanding tariffs from september the 1st and beijing says Chinese Companies have also stopped buying u. S. Agricultural products as the trade war intensifies on monday wall street suffered its worst day in 2019 alan fischer with more now from washington d. C. Well donald trump said he was going to call china come see manipulator on his 1st stay in office its taken until now y