A recent surge in Hong Kong’s exports masks a grim reality for frontline manufacturers, with some facing a sharp drop-off in new orders and bracing for renewed pressure on costs as a 90-day tariff truce between Washington and Beijing ends on Tuesday. Bryant Chan Wan-sing, president of toymaker the Wynnewood Corporation, said the sharp increase…
Hong Kong’s freight forwarding industry is suffering collateral damage from an intensifying tariff war between China and the United States, shaking the city’s crucial role in re-exporting goods, business leaders have warned. Many manufacturers with more than 15 per cent of business exposure to China-US trade had been forced to slash jobs or save costs,…
Hong Kong’s freight forwarding industry is suffering collateral damage from an intensifying tariff war between China and the United States, shaking the city’s crucial role in re-exporting goods, business leaders have warned. Many manufacturers with more than 15 per cent of business exposure to China-US trade had been forced to slash jobs or save costs,…