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For several months all was working well. Or so it seemed. Slowly ratcheting up trade tariffs on China gave President Trump several talking (and tweeting) points with minimal economic blowback. US growth slowed, but only modestly and in any case it wasn't obvious that the trade war was to blame. But the game may have changed on Monday, when China let its currency fall below a psychologically key red line: 7 to the US dollar, marking the lowest point in more than a decade for the yuan.