Wednesday, June 25, 2025
Home News Trade war to make an impact on Hong Kong

Trade war to make an impact on Hong Kong

The ultimate impact may depend upon whether US importers are willing to pass on the costs of tariffs to consumers, says Peter Levesque of Modern Terminals

Escalating trade tensions between the United States and China are likely to catch Hong Kong and its struggling shipping industry right in the middle, according to one of the city’s main port operators.
The US has placed tariffs on nearly half of all Chinese goods exported to the US and President Donald Trump has threatened to impose levies on nearly US$500 billion worth of annual exports as he seeks to pressure Beijing to stop what he claims are unfair trade practices. China has responded with its own retaliatory actions.

The latest round placed a 10 per cent tariff on some US$200 billion worth of goods, with the duties set to go to 25 per cent on January 1 if the US and China cannot reach a resolution.

Read more on South China Morning Post.





Latest Posts

YUAN HAI KOU makes landmark arrival at Piraeus

A new chapter in sustainable maritime transport unfolded today at the Port of Piraeus, as the cutting-edge car carrier YUAN HAI KOU made its...

Top 1 Best Assignment Writing Service, 100% USA ENL Writers

Many college and graduate students ask, where can I get someone to pay for assignment help? Well, I have done a thorough review of...

Hanseatic Global Terminals to rebrand SAAM Operations in Latin America

Hanseatic Global Terminals (HGT) announced  that its subsidiary, SAAM Terminals, will officially rebrand under the HGT name effective 1 August 2025. As part of this...

Fire-ravaged Morning Midas sinks under tow

Morning Midas, the car carrier that caught fire on 3 June, sank in the Pacific Ocean in the afternoon (UK time) on 23 June, while the...

Port Houston posts steady growth in May

Port Houston recorded another month of steady performance in May 2025, handling 381,640 TEUs, marking a 5% year-over-year increase. Year-to-date, the port has processed 1,837,813...
error: Content is protected !!