# U.S.-China Trade War Spreads From Tariffs To A Battle Over Currencies : NPR

> The US Treasury formally accused China of manipulating its currency on August 6, 2019, after the yuan weakened. Experts disputed the claim, saying China does not meet the legal standard for manipulation.

- Date: 2019-08-06 · published 2019-08-06T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/5374-u-s-china-trade-war-spreads-from-tariffs-to-a-battle-over-currencies-npr
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

The escalation from tariffs to currency disputes adds uncertainty to US-China trade flows, which affects agricultural export expectations. Markets stabilized quickly, limiting the immediate price impact.

## Read by commodity

- USDCNY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2019-08-07 | 5 | +2.6% | 3.9 | The formal Treasury manipulator designation on Aug 6 escalated tensions and fed the volatility in USDCNY. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-08-05 | [Yuan devaluation draws new battle lines in US-China trade war \| Trade War \| Al Jazeera](https://feedsoft.ai/events/5373-yuan-devaluation-draws-new-battle-lines-in-us-china-trade-war-trade-war-al.md) | +1.8% | +3.1% |
| USDCNY | 2018-05-02 | [China is weakening its currency before US trade talks begin](https://feedsoft.ai/events/65234-china-is-weakening-its-currency-before-us-trade-talks-begin.md) | +0.6% | +1.3% |
| 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 | 2018-10-29 | [China & Brazil: Currencies on Diverging Paths?](https://feedsoft.ai/events/62740-china-and-brazil-currencies-on-diverging-paths.md) | -0.8% | +0.1% |
| 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% |

## Sources

- npr.org: https://www.npr.org/2019/08/06/748775639/u-s-china-trade-war-spreads-from-tariffs-to-a-battle-over-currencies

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