# China's yuan pares some gains after US tariffs kick in

> 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.

- Date: 2025-03-04 · published 2025-03-04T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/25813-china-s-yuan-pares-some-gains-after-us-tariffs-kick-in
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2025-02-04 | [US dollar edges lower as China tariffs kick in](https://feedsoft.ai/events/26336-us-dollar-edges-lower-as-china-tariffs-kick-in.md) | +0.9% | +0.3% |
| USDCNY | 2020-05-11 | [Goldman Says Tariffs Are Key Metric for Yuan in U.S.-China Rift - Bloomberg](https://feedsoft.ai/events/53381-goldman-says-tariffs-are-key-metric-for-yuan-in-u-s-china-rift-bloomberg.md) | +0.4% | -0.0% |
| USDCNY | 2021-10-26 | [China's yuan inches higher after Sino-US talks - Markets - Business Recorder](https://feedsoft.ai/events/44775-china-s-yuan-inches-higher-after-sino-us-talks-markets-business-recorder.md) | +0.2% | +0.1% |
| USDCNY | 2025-02-28 | [China’s yuan falls to 2-week low after Trump proposes extra tariffs on Chinese exports](https://feedsoft.ai/events/26290-china-s-yuan-falls-to-2-week-low-after-trump-proposes-extra-tariffs-on-chinese.md) | -0.5% | -0.3% |
| USDCNY | 2019-05-13 | [Forex Market: Yuan weakest since December as China adds tariffs](https://feedsoft.ai/events/8441-forex-market-yuan-weakest-since-december-as-china-adds-tariffs.md) | +1.4% | +1.6% |

## Sources

- reuters.com: https://www.reuters.com/markets/asia/chinas-yuan-inches-higher-pboc-support-us-tariffs-loom-2025-03-04/

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