Hong Kong Today

Tuesday

May 13, 2025
Xu Jianwei, a senior economist at Natixis, dives into the recent tariff agreement between the U.S. and China, marking a significant thaw in their economic relations. He discusses the implications of this collaborative approach on global trade, especially in tech. The conversation also touches on a critical shortage of commercial vehicle parking in Hong Kong and explores advancements in stroke treatment, including a new medical scoring system that prioritizes urgent care. The geopolitical shifts surrounding the China-CELAC forum and hostage releases add an intriguing layer to the discussion.
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INSIGHT

US-China Tariff De-escalation

  • The U.S. and China agreed to reduce tariffs significantly for a 90-day pause to de-escalate trade tensions.
  • This agreement creates a platform to resume negotiations and avoid economic embargoes.
INSIGHT

Tariff Impact on Chinese Economy

  • Tariff reductions are temporary and uncertainty prompts Chinese exporters to diversify supply chains.
  • Chinese exports may remain strong in short term but slowdowns and policy stimulus are expected later.
INSIGHT

China-US Trade Rebalancing Needs

  • China plans to import more U.S. goods to rebalance trade, maintaining a 10% tariff to counter U.S. protectionism.
  • Access to U.S. semiconductor products is key for China's AI and electronics development, a crucial negotiation point.
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