# China’s yuan falls to 2-week low after Trump proposes extra tariffs on Chinese exports

> The yuan fell to a two-week low against the dollar after Trump proposed extra tariffs on Chinese goods that would stack on the existing 10% levy, bringing the cumulative tariff to 20%. Analysts expect tit-for-tat retaliation unless a deal is reached before March 4. The PBOC raised its yuan midpoint to slow the decline.

- Date: 2025-02-28 · published 2025-02-28T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/26290-china-s-yuan-falls-to-2-week-low-after-trump-proposes-extra-tariffs-on-chinese
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Higher tariffs on Chinese imports raise the risk of Chinese retaliation against US agricultural exports, notably soybeans, which would pressure US soybean prices. A weaker yuan also makes US goods more expensive for Chinese buyers.

## Read by commodity

- SOY: bearish ▼
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-08-23 | [China to impose extra tariffs on U.S. soy, beef and pork](https://feedsoft.ai/events/57438-china-to-impose-extra-tariffs-on-u-s-soy-beef-and-pork.md) | +0.0% | +3.1% |
| SOY | 2024-11-07 | [Trump's tariff threat puts US farm exports to China at risk](https://feedsoft.ai/events/14703-trump-s-tariff-threat-puts-us-farm-exports-to-china-at-risk.md) | +1.0% | -0.1% |
| SOY | 2024-11-07 | [China’s yuan falls to near 3-month low on weaker fixing, tariff worries - Markets - Business Recorder](https://feedsoft.ai/events/6858-china-s-yuan-falls-to-near-3-month-low-on-weaker-fixing-tariff-worries-markets.md) | +1.0% | -0.1% |
| SOY | 2025-03-04 | [China to impose extra tariffs of 10%-15% on various US farm products \| Reuters](https://feedsoft.ai/events/14675-china-to-impose-extra-tariffs-of-10-15-on-various-us-farm-products-reuters.md) | +0.2% | +1.7% |
| SOY | 2025-03-04 | [China slaps extra tariffs of up to 15% on imports of major US farm exports \| AP News](https://feedsoft.ai/events/14677-china-slaps-extra-tariffs-of-up-to-15-on-imports-of-major-us-farm-exports-ap.md) | +0.2% | +1.7% |
| USDCNY | 2024-11-07 | [China’s yuan falls to near 3-month low on weaker fixing, tariff worries - Markets - Business Recorder](https://feedsoft.ai/events/6858-china-s-yuan-falls-to-near-3-month-low-on-weaker-fixing-tariff-worries-markets.md) | +0.7% | +1.3% |
| USDCNY | 2018-07-20 | [Trump threatens tariffs on all $500 billion of Chinese imports](https://feedsoft.ai/events/63946-trump-threatens-tariffs-on-all-500-billion-of-chinese-imports.md) | +0.2% | +1.6% |
| USDCNY | 2019-05-06 | [Chinese yuan tumbles as Donald Trump threatens trade tariffs](https://feedsoft.ai/events/10428-chinese-yuan-tumbles-as-donald-trump-threatens-trade-tariffs.md) | +1.3% | +2.5% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40350593/chinas-yuan-falls-to-2-week-low-after-trump-proposes-extra-tariffs-on-chinese-exports

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