Will Trump protectionism prompt trade wars and fiat currency instability?

''For two decades, China has been one of the countries on a U.S. watch list aimed at identifying trading partners that manipulate their currencies in order to keep their exports cheap.

Complaints that Beijing kept the yuan exchange rate artificially low escalated as China's bilateral trade surplus soared, with regular threats to label it a currency manipulator.

Washington has not taken that drastic step since the early 1990s, but U.S. President-elect Donald Trump has vowed to do so, shrugging off the prospect of exacerbated tensions between the world's two largest economies.''