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
02:39China.
02:40But there's another side to this story.
Comments