# Yuan falls to 2007 lows as US tariffs on China kick in

> The onshore yuan closed at 7.3498 per dollar, its weakest since December 2007, while the offshore yuan hit a record low overnight. Chinese state banks sold dollars to stabilise markets as US reciprocal tariffs, including 104% duties on Chinese goods, took effect.

- Date: 2025-05-01 · published 2025-05-01T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/25346-yuan-falls-to-2007-lows-as-us-tariffs-on-china-kick-in
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A weaker yuan makes Chinese purchases of US farm goods costlier and can cheapen Chinese feed-ingredient imports, weighing on US soybean and meal demand.

## Read by commodity

- SOY: bearish ▼
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-12-03 | [CNY/USD: China’s Yuan Falls to One-Year Low on Tariff Risk, Dollar Gains - Bloomberg](https://feedsoft.ai/events/27168-cny-usd-china-s-yuan-falls-to-one-year-low-on-tariff-risk-dollar-gains-bloomberg.md) | -0.2% | +0.4% |
| USDCNY | 2016-11-16 | [Yuan falls to 8-year low as China-critic Trump prepares to take office](https://feedsoft.ai/events/7738-yuan-falls-to-8-year-low-as-china-critic-trump-prepares-to-take-office.md) | +0.5% | +0.7% |
| USDCNY | 2016-11-24 | [Pace of China’s sale of US Treasurys in focus as the yuan plumbs new lows](https://feedsoft.ai/events/74063-pace-of-china-s-sale-of-us-treasurys-in-focus-as-the-yuan-plumbs-new-lows.md) | -0.5% | +0.4% |
| USDCNY | 2016-06-24 | [Chinese yuan falls to more than 5-year low on Brexit fears](https://feedsoft.ai/events/10881-chinese-yuan-falls-to-more-than-5-year-low-on-brexit-fears.md) | +1.1% | +1.6% |
| USDCNY | 2020-02-20 | [Yuan falls to over 2-month low as China cuts lending benchmark \| Financial Post](https://feedsoft.ai/events/54795-yuan-falls-to-over-2-month-low-as-china-cuts-lending-benchmark-financial-post.md) | +0.3% | +0.7% |
| SOY | 2024-05-29 | [Chinese yuan falls to six-month low on dollar strength - Nikkei Asia](https://feedsoft.ai/events/30488-chinese-yuan-falls-to-six-month-low-on-dollar-strength-nikkei-asia.md) | -4.1% | -5.4% |
| SOY | 2024-11-28 | [Chinese yuan to hit record lows as U.S. tariff threat mounts, investment banks forecast](https://feedsoft.ai/events/27630-chinese-yuan-to-hit-record-lows-as-u-s-tariff-threat-mounts-investment-banks.md) | +0.5% | -0.9% |
| SOY | 2025-04-08 | [China's yuan hits 2023 lows on signs PBOC is tolerant of some weakness \| Reuters](https://feedsoft.ai/events/25349-china-s-yuan-hits-2023-lows-on-signs-pboc-is-tolerant-of-some-weakness-reuters.md) | +6.0% | +5.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/yuan-falls-2007-lows-us-tariffs-china-kick-2025-04-09/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.