Hong Kong’s irreplaceable and unique role in the new Sino-US trade situation
Sino-US trade relations have once again worried the market after US President Trump took office. He once threatened to impose tariffs of 45% on Chinese imported goods. Initially, comments suspected that his tough attitude was just a populist slogan for posturing. However, given that he quickly announced his complete abandonment of the TPP, implemented a vigorous immigration ban, and recently proposed new taxes on Mexican goods, the new US government's aggressive China policy may not be just to gain bargaining chips. China and the United States are Hong Kong's largest trading partners, accounting for 51% and 7% of total trade respectively. Trade friction between the two countries is looming, and it is impossible for Hong Kong to remain immune. Regarding the future development of the situation, two extreme scenarios of optimism and pessimism can be deduced to consider how Hong Kong should handle itself.
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