# China’s yuan slips on worries over Trump tariff plans, pre-holiday dollar demand - Markets - Business Recorder

> The yuan slipped against the dollar as investors weighed Trump's tariff plans, including a discussed 10% duty on Chinese imports tied to fentanyl flows. Beijing announced state insurer equity purchases to support stocks.

- Date: 2025-01-23 · published 2025-01-23T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/9598-china-s-yuan-slips-on-worries-over-trump-tariff-plans-pre-holiday-dollar-demand
- 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

Potential new US tariffs on Chinese goods raise the risk of retaliation that could cut Chinese purchases of US soybeans, corn and meal, a bearish factor for US feed grain prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| USDCNY | 2024-11-26 | [China's yuan slides to four-month low on Trump's tariff promise \| Reuters](https://feedsoft.ai/events/27628-china-s-yuan-slides-to-four-month-low-on-trump-s-tariff-promise-reuters.md) | +0.6% | +0.8% |
| 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 | 2025-01-22 | [China stocks and renminbi hit by Donald Trump’s 10% tariff threat](https://feedsoft.ai/events/9599-china-stocks-and-renminbi-hit-by-donald-trump-s-10-tariff-threat.md) | -0.4% | +0.2% |
| USDCNY | 2026-03-15 | [China encourages dollar buying to slow surging yuan](https://feedsoft.ai/events/11466-china-encourages-dollar-buying-to-slow-surging-yuan.md) | -0.2% | -1.0% |
| SOY | 2024-11-26 | [China's yuan slides to four-month low on Trump's tariff promise \| Reuters](https://feedsoft.ai/events/27628-china-s-yuan-slides-to-four-month-low-on-trump-s-tariff-promise-reuters.md) | +0.6% | -1.1% |
| SOY | 2021-06-14 | [Palm extends fall to hit over 4-month low on cheaper US soyoil - Markets - Business Recorder](https://feedsoft.ai/events/10807-palm-extends-fall-to-hit-over-4-month-low-on-cheaper-us-soyoil-markets-business.md) | -7.5% | -5.0% |
| SOY | 2021-06-26 | [Supreme Court ruling, Midwest rains pressure US corn and soya - Markets - Business Recorder](https://feedsoft.ai/events/46610-supreme-court-ruling-midwest-rains-pressure-us-corn-and-soya-markets-business.md) | +9.2% | +6.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40344196

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