China's Commerce Ministry says we reserve right to take measures against US overcapacity tariffs
In a statement on Thursday, a spokesperson from China's Commerce Ministry said, regarding the United States (US) overcapacity tariff, “We will continue to closely monitor and comprehensively assess the follow-up measures taken by the US.” The spokesperson added, “We reserve the right to take all nec
China's Commerce Ministry announced on Thursday that they maintain the option to impose measures against the United States due to their overcapacity tariffs. The ministry's spokesperson stated that they are closely monitoring the situation and have the right to take necessary actions. In financial terms, "risk-on" and "risk-off" describe investor sentiment - in a "risk-on" market, investors are optimistic and prefer riskier assets, while in a "risk-off" market, they opt for safer, more stable investments.
Market reactions in a "risk-on" scenario typically include rising stock markets, gains in most commodities (except Gold), strengthening currencies of commodity-exporting nations, and increased value of Cryptocurrencies. Conversely, "risk-off" markets see bonds rise, especially major government bonds, Gold shining, and safe-haven currencies like the Japanese Yen, Swiss Franc, and US Dollar benefiting.
Currencies like the Australian Dollar, Canadian Dollar, New Zealand Dollar, and minor FX tend to rise in "risk-on" markets due to their reliance on commodity exports. Conversely, during "risk-off" periods, the US Dollar, Japanese Yen, and Swiss Franc usually strengthen as investors seek safer assets.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
