SEB: tariffs won’t dampen China’s growing influence on global economy

But in the short run, threats will knock renminbi and other emerging market currencies

Dollar/renminbi
Stand-off: China’s renminbi is slightly down against the dollar as trade tensions renew

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The US policy to impose higher tariffs on Chinese goods may prop up the dollar in the short term, but will not hamper China’s importance to the global economy, says Per Hammarlund, chief emerging markets strategist at SEB.

The growing protectionist stance from the world’s largest economy will ultimately undermine the dollar over the next couple of years, he tells FX Week.

“In the short term, emerging market

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