Tariffs may encourage more yuan use

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.

"As Washington seeks to reduce deficits through 'reciprocal tariffs', global dollar liquidity will tighten, weakening the dollar's international standing," said Guan.