The US trade war “will not kill Hong Kong” given the city’s increasingly diversified exports in recent years, with only 3 per cent of goods expected to be affected, the Trade Development Council has said. Council director of research Irina Fan Yuen-yee said on Saturday that only about half of Hong Kong’s exports to the…
Buyers flocked to a mega residential project from Sun Hung Kai Properties (SHKP) in Hong Kong’s New Territories on Saturday, as attractive pricing boosted purchasing sentiment from investors and agents forecast improved sales in the city despite economic jitters. All 318 of the new flats on sale at the Sierra Sea residential development found buyers…
As Apple grapples with United States President Donald Trump’s tariff war with China, it has laid out plans to move to Indian assembly of the majority of iPhones it sells in the US by the end of 2026, a move that would double its current output from the South Asian nation and away from China….
US President Donald Trump has said that Chinese President Xi Jinping called him amid the trade war between Washington and Beijing. Trump’s comments come as reports are saying that China is ‘quietly’ rolling back some of its tariffs on the US. China and US have been at loggerheads since April 2 when Donald Trump announced…
(Bloomberg) — China’s government is considering suspending its 125% tariff on some US imports, people familiar with the matter said, as the economic costs of the tit-for-tat trade war weigh heavily on certain industries. Most Read from Bloomberg Authorities are considering removing the additional levies for medical equipment and some industrial chemicals like ethane, the…
US President Donald Trump on Thursday refuted a Chinese statement that the two economic powers have not held talks to ease an ongoing trade war, saying there were meetings earlier in the day “They had a meeting this morning,” Trump told reporters, declining to say to whom he was referring. “It doesn’t matter who ‘they’…
The US-China trade war and its pressure on the weakening yuan may impair Hong Kong’s private housing demand and market sentiment, even as the city expects a stable supply in the coming decade, a local think tank has warned. Our Hong Kong Foundation, the city’s largest think tank, on Thursday revealed its 10-year forecast for…
Taipei, Taiwan – As United States President Donald Trump plays up the prospects of a trade deal with China, experts say Beijing is unlikely to make the first move and may even demand preconditions before coming to the negotiating table. Trump has said he expects to see his 145 percent tariff on China “come down…
Big Tech stocks surged for a second day on Wednesday with ‘Magnificent Seven’ firms adding $455 billion to their market capitalizations as the Trump administration hinted at a deescalation of the US-China trade war. Tesla (TSLA) surged more than 5% Wednesday, leading the way after its CEO Elon Musk said late Tuesday his time spent…
Chipotle (CMG) After a rocky earnings report announcing that Chipotle missed the mark while lowering expectations for the year, Chipotle stock sank in after-hours trading. The fast food giant reported earnings of 29 cents per share and revenue of $2.88 billion falling short of the $2.94 billion analysts were looking for. The company’s stock dropped…