Earlier was the news of President Trump imposes 30% tariff on solar imports
South Korea is not happy: (Shock non-bitcoin news from South Korea!) SK seeks to reinstate tariffs on US products
Now China weighs in
- China commerce ministry says expresses strong dissatisfaction regarding US tariffs on imported washers, solar cells
- Says US decision further deteriorates global trade environment
- Says China hopes US will refrain from using trade remedy measures
- Says China will resolutely safeguard China's interests
These trade tensions risk further escalation. Not a positive for 'risk' (eg. AUD)