A general view of the container terminals and a T.S. Lines vessel at Kwai Chung district in Hong Kong, China November 28, 2024. REUTERS/Tyrone Siu
HONG KONG: Donald Trump’s new trade war is further blurring the lines between Hong Kong and Beijing, threatening to erode the city’s main selling point as a global financial hub.
When Trump slapped a 10% levy on China last week, that action for the first time also applied to Hong Kong goods, after the president in 2020 signed an executive order to remove the city’s special privileges.
