A clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. [Photo/IC]
By disrupting global trade and triggering recession risks, the United States' new tariff push may have an unintended result of giving rise to alternative international currencies, including the Chinese renminbi, also known as the yuan, experts said.
"To supply global dollar liquidity, the US must run trade deficits," said Guan Tao, global chief economist at investment bank BOCI China.
