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China's yuan hits 19-month low as US tariffs soar to 104 percent

By Yonnex Li ( April 9, 2025, 07:51 GMT | Insight) -- China has weakened the yuan’s guidance rate to its lowest level in 19 months, in an apparent move to partially offset the impact of surging US tariffs on Chinese goods. Starting shortly after noon today, Chinese goods entering the US will face a minimum levy of 104 percent. China today weakened the yuan’s guidance rate to its lowest level in 19 months, in an apparent move to partially offset the impact of surging US tariffs on Chinese goods....

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