China's surprise move Tuesday to devalue its currency has intensified concerns about the world's second-largest economy, whose growth has reached a six-year low. It may also fan political tensions with the United States and Europe, whose exports could become comparatively costlier.A cheaper yuan will benefit China's products by making them less expensive overseas. U.S. exporters have long complained that China manipulates its currency to gain a trade advantage. Some members of the U.S. Congress have called for imposing retaliatory tariffs.
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