# Goldman Says Tariffs Are Key Metric for Yuan in U.S.-China Rift - Bloomberg

> Goldman Sachs economists wrote in a note dated May 8 that trade-tariff events influence the yuan more than technology restrictions or issues tied to Hong Kong or Taiwan. The analysis frames tariffs as the key metric for tracking yuan moves in the US-China dispute.

- Date: 2020-05-11 · published 2020-05-11T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/53381-goldman-says-tariffs-are-key-metric-for-yuan-in-u-s-china-rift-bloomberg
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

If tariffs drive yuan moves, a new tariff round could weaken the yuan and affect dollar-priced purchases of US farm goods. Investors tracking tariff news can use it to anticipate currency and export-demand shifts.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-07-19 | [Aquafeed.com \|
   

   
    CHINA - New tariffs on US soybeans unlikely to impact aquatic feed](https://feedsoft.ai/events/64111-aquafeed-com-china-new-tariffs-on-us-soybeans-unlikely-to-impact-aquatic-feed.md) | +0.7% | +3.2% |
| USDCNY | 2019-02-22 | [US wants a more stable yuan, China wants that too: Experts](https://feedsoft.ai/events/60807-us-wants-a-more-stable-yuan-china-wants-that-too-experts.md) | -0.4% | -0.4% |
| USDCNY | 2026-02-26 | [To win Europe's embrace, China needs to uncap the yuan \| Reuters](https://feedsoft.ai/events/7901-to-win-europe-s-embrace-china-needs-to-uncap-the-yuan-reuters.md) | +0.4% | +0.5% |
| USDCNY | 2018-04-04 | [China, holding Treasuries, keeps 'nuclear option' in U.S. trade war](https://feedsoft.ai/events/65715-china-holding-treasuries-keeps-nuclear-option-in-u-s-trade-war.md) | -0.1% | +0.7% |
| USDCNY | 2025-03-07 | [US Tariffs and Feed Industry Impact](https://feedsoft.ai/events/25934-us-tariffs-and-feed-industry-impact.md) | -0.0% | +0.5% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-05-11/goldman-says-tariffs-are-key-metric-for-yuan-in-u-s-china-rift

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