Escalating U.S.-China Tariff War Casts Shadow Over Hong Kong Trade Fair​

The intensifying trade conflict between the United States and China has become a central concern at Hong Kong's Global Sources trade fair, where exporters are grappling with the implications of steep tariffs and shifting supply chains.​

President Donald Trump's recent imposition of tariffs—reaching up to 145% on Chinese imports—has prompted significant retaliatory measures from Beijing, including a 125% tariff on U.S. goods and a halt on rare earth exports. These developments have created an atmosphere of uncertainty among businesses attending the fair, particularly those involved in electronics and consumer goods.

Exporters are now exploring alternative manufacturing locations, such as Vietnam and India, to mitigate the impact of the tariffs. However, the transition is fraught with challenges, including increased costs and logistical complexities. The sentiment among attendees reflects a broader concern about the long-term viability of existing trade relationships and the need for strategic adaptation.​

As the trade fair continues, participants are closely monitoring policy developments, hoping for a resolution that will restore stability to international trade dynamics.​

Author: Juliana Liu
Original Source: https://edition.cnn.com/

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