# China stocks and renminbi hit by Donald Trump’s 10% tariff threat

> Chinese stocks and the offshore renminbi fell after Trump said he could impose a 10% tariff on China from February. The renminbi weakened 0.3% to 7.29 per dollar before recovering slightly, and gold rose to an 11-week high.

- Date: 2025-01-22 · published 2025-01-22T12:00:00.000Z
- Category: policy · region China · magnitude high
- Page: https://feedsoft.ai/events/9599-china-stocks-and-renminbi-hit-by-donald-trump-s-10-tariff-threat
- 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)

## Why it matters

A new tariff threat on China raises the risk of Chinese retaliation against US farm exports, which would pressure US soybean and feed grain prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2025-01-23 | [China’s yuan slips on worries over Trump tariff plans, pre-holiday dollar demand - Markets - Business Recorder](https://feedsoft.ai/events/9598-china-s-yuan-slips-on-worries-over-trump-tariff-plans-pre-holiday-dollar-demand.md) | -0.4% | -0.2% |
| 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 | 2025-05-07 | [China injects 'tactical' monetary stimulus ahead of US trade meeting \| Reuters](https://feedsoft.ai/events/9621-china-injects-tactical-monetary-stimulus-ahead-of-us-trade-meeting-reuters.md) | -0.1% | -0.4% |
| USDCNY | 2026-02-27 | [Yuan Snaps Rising Streak After China Cuts Cost to Short Currency - Bloomberg](https://feedsoft.ai/events/7897-yuan-snaps-rising-streak-after-china-cuts-cost-to-short-currency-bloomberg.md) | +0.7% | +1.0% |
| SOY | 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) | -2.1% | -3.3% |
| SOY | 2025-01-23 | [China’s yuan slips on worries over Trump tariff plans, pre-holiday dollar demand - Markets - Business Recorder](https://feedsoft.ai/events/9598-china-s-yuan-slips-on-worries-over-trump-tariff-plans-pre-holiday-dollar-demand.md) | +0.4% | -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% |

## Sources

- ft.com: https://www.ft.com/content/aeaec56b-8143-4361-bab8-f32fac42f796?syn-25a6b1a6=1

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