China’s markets stumble, yuan hits seven-week low as Trump’s tariff hammer drops

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HONG KONG, April 3 — China’s yuan dropped to its lowest levels in seven weeks and stock markets slumped today after US P...

The yuan has given up most of its gains this year over the past month, despite efforts by the People’s Bank of China (PBOC) to keep it steady through changes to its daily benchmarks.

Chinese imports will be hit with a 34 per cent tariff, on top of the 20 per cent he previously imposed, bringing the total new levy to 54 per cent.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaAustraliaCambodiaChinaHong KongLaosVietnam

Topics: China yuan Us tariffs China markets Donald trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-03 @ 10:03:15 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 639 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 27551549

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