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Dollar is ‘America’s to lose’: experts argue at ‘Summer Davos’ amid yuan push

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As global confidence in the US dollar erodes in the wake of Washington’s “Liberation Day” tariffs, economists at the Annual Meeting of the New Champions debated whether China’s yuan could emerge as a credible alternative to challenge the world’s dominant currency.US President Donald Trump’s sweeping “reciprocal tariffs” on allies and adversaries alike marked “another step in the process of diminishing the role of the dollar as a global reserve currency,” said Diana Choyleva, senior fellow of...




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Category: China