Hong Kong is up in arms after the U.S., under Trump’s trade policies, imposed a 10% tariff on its exports—treating the region just like mainland China! Officials are calling it a direct attack on "One Country, Two Systems," as goods from Hong Kong are now forced to bear a "Made in China" label. With Hong Kong preparing to challenge the move at the WTO, the trade war is heating up once again! Will this push Hong Kong further into Beijing’s grip?
#HongKong #USChinaTradeWar #TrumpTariffs #MadeInChina #OneCountryTwoSystems #TradeWar #Geopolitics #WTO #HongKongTrade #BreakingNews
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#HongKong #USChinaTradeWar #TrumpTariffs #MadeInChina #OneCountryTwoSystems #TradeWar #Geopolitics #WTO #HongKongTrade #BreakingNews
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NewsTranscript
00:00Tensions between Hong Kong and the United States are escalating once again.
00:22Hong Kong is furious after being hit with Trump's latest tariffs, just like the rest
00:29of China.
00:30Officials are now gearing up for a global trade battle, taking their cases to the World
00:37Trade Organization.
00:38Under Trump's trade policies, Hong Kong is now subject to a 10 percent tariff on its
00:46exports to the US.
00:49A move that local leaders say completely disregards Hong Kong's status as a separate customs
00:57territory.
00:58Chief Secretary Eric Chan has blasted the decision, calling it absolutely inconsistent
01:06with WTO rules.
01:22But here's where it gets even more chaotic.
01:26The US Postal Service briefly suspended all inbound mail and packages from China and Hong
01:34Kong, sparking confusion and frustration among retailers.
01:40The ban was reversed shortly afterward, but the damage was already done.
01:46With businesses scrambling to understand the new tariffs and restrictions, Hong Kong officials
01:54are calling the US policies mercurial and unpredictable.
02:00The move to strip Hong Kong of its special trade status began in 2020, when Beijing imposed
02:09a sweeping national security law on the city.
02:13In response, the US revoked Hong Kong's preferential trade treatment, forcing goods made in Hong
02:21Kong to be labelled as made in China.
02:26This destroyed one of Hong Kong's biggest advantages as a global trading hub.
02:32Now, with new tariffs in place, Hong Kong is being treated no differently than mainland
02:39But there's another side to this story.