Trump’s reciprocal tariff plan to hurt Hong Kong, mainland manufacturers: experts

Trump’s reciprocal tariff plan to hurt Hong Kong, mainland manufacturers: experts

Hong Kong and mainland Chinese manufacturers will be hit by Donald Trump’s planned reciprocal tariffs on all imports given the difficulty of replacing the United States market with alternatives, but the blanket penalty approach may eliminate the competitive edge of producers in other Asian countries as well, experts have said. Trump on Thursday announced plans…

Read More
Trump’s reciprocal tariff plan to hurt Hong Kong, mainland manufacturers: experts

Trump’s reciprocal tariff plan to hurt Hong Kong, mainland manufacturers: experts

Hong Kong and mainland Chinese manufacturers will be hit by Donald Trump’s planned reciprocal tariffs on all imports given the difficulty of replacing the United States market with alternatives, but the blanket penalty approach may eliminate the competitive edge of producers in other Asian countries as well, experts have said. Trump on Thursday announced plans…

Read More
Trump tariffs would be bad news for Hong Kong’s biggest exports to US: experts

Trump tariffs would be bad news for Hong Kong’s biggest exports to US: experts

US President Donald Trump’s threat to slap 10 per cent tariffs on Chinese goods could spell bad news for Hong Kong’s biggest exports to the country, telecoms and technology equipment, experts warned on Wednesday, calling it a lose-lose situation. The city’s academics and business operators said the knock-on effects of tariffs could mean inflationary pressures…

Read More