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flag New U.S. tariffs may weaken the dollar's global standing, boosting the Chinese yuan's use in trade.

flag The US's new tariffs could inadvertently boost the use of alternative international currencies, particularly the Chinese yuan (renminbi). flag By reducing trade deficits and tightening global dollar liquidity, the US dollar's international standing may weaken. flag This shift could prompt China to promote the renminbi more aggressively, making it a more common currency for global trade and investment. flag The future of the renminbi will depend on China's economic policies and central bank actions.

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