# China's yuan slides to four-month low on Trump's tariff promise | Reuters

> The yuan fell to its weakest level in nearly four months after Donald Trump said he would impose a 25% tariff on all products from Mexico and Canada and an additional 10% on Chinese goods. Offshore yuan dropped about 0.3% to 7.2730 per dollar. The move followed the tariff announcement.

- Date: 2024-11-26 · published 2024-11-26T12:00:00.000Z
- Category: policy · region US · magnitude high
- Page: https://feedsoft.ai/events/27628-china-s-yuan-slides-to-four-month-low-on-trump-s-tariff-promise-reuters
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Broad tariffs on Mexico, Canada and China threaten to disrupt North American and Chinese trade flows in feed grains and meals, which weighs on US export demand. A weaker yuan also raises the cost of Chinese imports, adding to the bearish pressure on US agricultural exports.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2026-02-27 | [JPMorgan takes profit on Chinese yuan rally \| Reuters](https://feedsoft.ai/events/7896-jpmorgan-takes-profit-on-chinese-yuan-rally-reuters.md) | +0.7% | +1.0% |
| USDCNY | 2025-01-23 | [China’s yuan slips on worries over Trump tariff plans, pre-holiday dollar demand - Markets - Business Recorder](https://feedsoft.ai/events/9598-china-s-yuan-slips-on-worries-over-trump-tariff-plans-pre-holiday-dollar-demand.md) | -0.4% | -0.2% |
| USDCNY | 2025-01-22 | [China and Hong Kong stocks tumble on Trump's tariff threats](https://feedsoft.ai/events/9600-china-and-hong-kong-stocks-tumble-on-trump-s-tariff-threats.md) | -0.4% | +0.2% |
| USDCNY | 2019-06-08 | [China is letting value of yuan slide to offset trade war tariffs, US Treasury Secretary Mnuchin says \| South China Morning Post](https://feedsoft.ai/events/58822-china-is-letting-value-of-yuan-slide-to-offset-trade-war-tariffs-us-treasury.md) | +0.3% | -0.4% |
| USDCNY | 2025-05-08 | [China’s yuan slips as PBOC guides currency lower - Markets - Business Recorder](https://feedsoft.ai/events/9620-china-s-yuan-slips-as-pboc-guides-currency-lower-markets-business-recorder.md) | -0.2% | -0.7% |
| SOY | 2026-02-27 | [JPMorgan takes profit on Chinese yuan rally \| Reuters](https://feedsoft.ai/events/7896-jpmorgan-takes-profit-on-chinese-yuan-rally-reuters.md) | +1.4% | +2.3% |
| SOY | 2025-01-23 | [China’s yuan slips on worries over Trump tariff plans, pre-holiday dollar demand - Markets - Business Recorder](https://feedsoft.ai/events/9598-china-s-yuan-slips-on-worries-over-trump-tariff-plans-pre-holiday-dollar-demand.md) | +0.4% | -1.0% |
| SOY | 2025-01-22 | [China and Hong Kong stocks tumble on Trump's tariff threats](https://feedsoft.ai/events/9600-china-and-hong-kong-stocks-tumble-on-trump-s-tariff-threats.md) | -2.1% | -3.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/chinas-yuan-slides-4-month-low-trumps-tariff-promise-2024-11-26/

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