# US-China trade war may push yuan 10 percent lower: Economist Andy Xie

> Economist Andy Xie says the yuan could fall another 10 percent against the dollar if US tariffs on Chinese goods rise to 25 percent at year-end. The US imposed 10 percent tariffs on $200 billion of Chinese imports on September 24, with the rate set to rise on January 1, 2019.

- Date: 2018-09-28 · published 2018-09-28T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/63265-us-china-trade-war-may-push-yuan-10-percent-lower-economist-andy-xie
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A sharp yuan depreciation would make US soybeans and other feed ingredients considerably more expensive for Chinese buyers, reinforcing the demand loss from tariffs and pressuring US export prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-09-03 | [Trade war could force heavier hand from China on yuan](https://feedsoft.ai/events/63264-trade-war-could-force-heavier-hand-from-china-on-yuan.md) | +0.4% | +0.6% |
| USDCNY | 2023-06-04 | [China's yuan may slip further to aid economic recovery - analysts](https://feedsoft.ai/events/35717-china-s-yuan-may-slip-further-to-aid-economic-recovery-analysts.md) | +0.6% | +2.2% |
| USDCNY | 2017-02-26 | [China's yuan falls, but fears of US trade war may cap depreciation - The Business Times](https://feedsoft.ai/events/72719-china-s-yuan-falls-but-fears-of-us-trade-war-may-cap-depreciation-the-business.md) | +0.5% | +0.2% |
| USDCNY | 2024-10-14 | [US dollar climbs to 10-week peak; euro, China's yuan fall](https://feedsoft.ai/events/11042-us-dollar-climbs-to-10-week-peak-euro-china-s-yuan-fall.md) | +0.7% | +2.3% |
| USDCNY | 2019-09-27 | [Its leash lengthened, China's yuan flirts with trade war role](https://feedsoft.ai/events/57289-its-leash-lengthened-china-s-yuan-flirts-with-trade-war-role.md) | +0.2% | -0.9% |
| SOY | 2018-09-03 | [Trade war could force heavier hand from China on yuan](https://feedsoft.ai/events/63264-trade-war-could-force-heavier-hand-from-china-on-yuan.md) | +0.1% | +3.0% |
| SOY | 2019-09-27 | [Its leash lengthened, China's yuan flirts with trade war role](https://feedsoft.ai/events/57289-its-leash-lengthened-china-s-yuan-flirts-with-trade-war-role.md) | +2.6% | +5.0% |
| SOY | 2018-09-11 | [US-China trade war: Investors could soon favor yuan over dollar, former PBOC governor says](https://feedsoft.ai/events/63269-us-china-trade-war-investors-could-soon-favor-yuan-over-dollar-former-pboc.md) | -1.2% | +4.3% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/09/28/economist-andy-xie-bigger-tariffs-could-push-yuan-10-percent-lower.html

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