# US dollar pressures yuan, Australian dollar on tariff reports - The Business Times

> The US dollar rose against the yuan to 6.8290 and against the Australian dollar after a source said the White House would propose 25% tariffs on $200 billion of Chinese imports instead of 10%. The yen also weakened after the Bank of Japan pledged to keep rates low for an extended period.

- Date: 2018-07-31 · published 2018-07-31T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/64306-us-dollar-pressures-yuan-australian-dollar-on-tariff-reports-the-business-times
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher proposed tariffs on Chinese imports threaten US farm export demand and Chinese purchasing, and a weaker yuan makes US exports more expensive for Chinese buyers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-11-26 | [Morning Bid: Trump tariff threat jolts Canadian dollar, peso, yuan \| Reuters](https://feedsoft.ai/events/27607-morning-bid-trump-tariff-threat-jolts-canadian-dollar-peso-yuan-reuters.md) | +0.6% | +0.8% |
| USDCNY | 2020-05-03 | [Yen gains as risk sentiment sours - The Business Times](https://feedsoft.ai/events/53372-yen-gains-as-risk-sentiment-sours-the-business-times.md) | +0.2% | +0.9% |
| 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 | 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 | 2019-12-09 | [Aussie, yuan cede ground as trade deadline looms; pound jumps \| The Business Standard](https://feedsoft.ai/events/8449-aussie-yuan-cede-ground-as-trade-deadline-looms-pound-jumps-the-business.md) | -0.6% | -1.3% |
| SOY | 2019-07-31 | [Australian dollar falls to post-GFC low - OFX (US)](https://feedsoft.ai/events/58379-australian-dollar-falls-to-post-gfc-low-ofx-us.md) | -3.5% | -3.7% |
| SOY | 2026-02-22 | [Xi gains upper hand before Trump summit after US tariff reversal - The Business Times](https://feedsoft.ai/events/14603-xi-gains-upper-hand-before-trump-summit-after-us-tariff-reversal-the-business.md) | +1.7% | +2.1% |
| SOY | 2025-04-04 | [US dollar recovers, Aussie hits five-year low after China tariff retaliation](https://feedsoft.ai/events/25332-us-dollar-recovers-aussie-hits-five-year-low-after-china-tariff-retaliation.md) | +1.7% | +3.7% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/banking-finance/us-dollar-pressures-yuan-australian-dollar-tariff-reports

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