Rand weakens as investors remain nervous about US-China tension
Donald Trump has threatened new tariffs as a retaliatory measure for China’s handling of the Covid-19 crisis
The rand was weaker on Wednesday as US-China tension weighed on investor sentiment and global events continue to put pressure on the local currency.
Investors remain nervous about renewed US-China trade hostilities after US President Donald Trump threatened new tariffs last week as a retaliatory measure over Beijing’s handling of the coronavirus crisis. On Wednesday, China’s foreign ministry said that tariffs should not be used as a weapon...