Has anybody given any thought to the possibility that China would simply let their currency devalue in a trade war

This makes their export goods cheaper thus nullifying a lot of the trade tariffs if devalued enough

Granted imports would be more costly but inputs are only a portion of finished product value

This is what happens when our Canadian loonie is worth 75 cents vs the USD

We both sell on the same market pricing mechanism but a weaker loonie is always to our benefit

So:

Is china playing the yaun devaluation game

I noticed earlier the yaun had fallen but have not looked at the close

Which made me wonder if china was playing the long game with small devaluation over time