China’s Yuan Falls to 2019 Low After Trump Tariff Threat

A deliveryman for American-based pizza chain Domino's prepares to make a delivery near a mural displaying Chinese yuan and other world currency symbols on the outside of a bank in Beijing on July 30, 2018. China's yuan fell on Aug. 2, 2019, to its lowest level of the year against the dollar following U.S. President Donald Trump's threat of new tariffs on Chinese goods, coming close to breaking the politically sensitive level of seven to the U.S. currency. Mark Schiefelbein/AP

BEIJING—China’s yuan fell on Aug. 2 to its lowest level this year against the dollar following President Donald Trump’s threat of new tariffs on Chinese goods, coming close to breaking the politically sensitive level of seven to the U.S. currency.

The yuan tumbled to 6.9520 to the dollar, its lowest level since December, but recovered slightly by midday.