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US-China trade war: amid allegations that yuan is undervalued, why are tiny twist ties so important?

Summary:
[unable to retrieve full-text content]Beijing appears to be alarmed by a US probe into whether the yuan is being undervalued to give Chinese exporters an unfair advantage, which could spell big trouble for China’s US0 billion worth of annual exports to the United States.And that big trouble could stem, in part, from a very small item: twist ties – thin bendable wires coated in paper or plastic that are widely used for tying up bags, cables and food packaging.But these tiny twist ties have become anything but trivial in the US…

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[unable to retrieve full-text content]
Beijing appears to be alarmed by a US probe into whether the yuan is being undervalued to give Chinese exporters an unfair advantage, which could spell big trouble for China’s US$450 billion worth of annual exports to the United States.And that big trouble could stem, in part, from a very small item: twist ties – thin bendable wires coated in paper or plastic that are widely used for tying up bags, cables and food packaging.But these tiny twist ties have become anything but trivial in the US…

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