local businessman foresees ramifications on trade between HK and the U.S.
發佈日期: 2025-10-11 19:55
TVB News
The trade war between China and the U.S. will also affect Hong Kong companies, likely in relation to goods for the Easter period.
Despite being a free port, Hong Kong has not been spared from the trade war between Washington and Beijing.
This as the Trump administration has unleashed a trade war by imposing additional levies of 100 percent on Chinese imports from November 1.
Together with the 30 percent already in effect, all goods sent from China to the U.S. are subject to 130 percent tariff.
Danny Lau, life honorary chairman of the Hong Kong Small and Medium Enterprises Association said trade orders for Christmas have basically all been delivered, except for some high-end items which are sent by air.
Factories are now producing Easter goods, he said the Americans might consider buying from regions outside of China, probably in Southeast Asia.
President Xi Jinping and U.S. President Donald Trump could meet on the APEC summit in South Korea at the end of this month.
A scholar on international relations Chiu Yu-lok believes the trade dispute might become a bargaining chip between the two superpowers.
He said diplomacy is often a matter of posturing, and this would be a process of bargaining. He hopes China and the U.S. will be able to reach an agreement on trade.
