Hong Kong Today
Friday
Apr 11, 2025
Jamie Clark, a reporter for RTHK, dives into pressing topics affecting Hong Kong and the world. He discusses U.S. tariffs' impact on trade with China and highlights Hong Kong's proactive measures to support local businesses amidst turbulent global dynamics. The conversation also sheds light on escalating scams and the government's efforts to combat them. Additionally, Clark explores the role of AI in enhancing Hong Kong's fintech sector and the intersection of community challenges with global conflicts, revealing how activism plays a vital role.
43:39
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Quick takeaways
- The U.S. tariff hike to 145% on Chinese goods has escalated trade tensions, prompting China to assert its stance on global trade norms.
- Hong Kong's response includes stimulus measures for SMEs and a 'China plus N' strategy to diversify supply chains amid rising economic challenges.
Deep dives
Heightened Tariffs and Trade Relations
The recent tariff hike by the U.S. on Chinese goods has raised the levy to 145%, a significant escalation in ongoing trade tensions. Despite China's reluctance to engage in trade wars, officials have stated they will not yield to pressure or intimidation from the U.S. Beijing emphasized that any negotiations must occur under principles of mutual respect and equality, suggesting that they view the U.S. actions as detrimental to global trade norms. The Chinese Commerce Ministry vowed to continue countermeasures to protect national interests, asserting that protectionism serves only to destabilize markets.
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