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The yuan pared early gains on March 4 after the United States doubled tariffs on Chinese goods to 20%. Beijing responded that it would impose additional tariffs of 10% to 15% on certain US imports from March 10.
Escalating tariffs and retaliation raise the risk to US farm exports to China, which is a key outlet for soybeans and other feed ingredients, and they add pressure on the yuan.
reuters.comMar 4, 2025After 81 past trade events, Chinese Yuan (CNY per USD) moved a median +0.1% over 5 sessions (58% higher; middle half -0.3% to +0.6%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
