Sri Lanka Brodcasting Corporation

Tue05222018

Last updateSun, 20 May 2018 2pm

World News

Asia fears that US tariffs on washing machines and solar panels are "just the start" of more to come

South Korea and China protested today against US President Donald Trump slapping steep import tariffs on washing machines and solar panels. It was a move that stirred fears in Asia of more protectionist measures lined up, to come out of Washington. For all his rhetoric to win votes, Trump’s actions on trade during his first year had been less alarming than many outside the US had feared - UNTIL NOW. The tariffs on washing machines, have dealt a heavy blow to South Korea’s Samsung Electronics and LG Electronics. China, the world’s biggest solar panel producer, branded the move an “over-reaction” that would harm the global trade environment for the products affected.

Local News