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Hong Kong cannot escape the US-China trade war unscathed

13 0 90
09.07.2018

What is the “biggest trade war of the century” all about?

Is it purely over America’s trade deficit with China? Or is it a war for the US to contain China’s rise? Or even a war against globalisation?

Beijing and Washington apparently have just the opposite views. Then how about Hong Kong, which remains an independent and free economic entity under “one country, two systems”? Can Hong Kong try to remain neutral so as not to be dragged too far into this row? The city may once have hoped so, but that is very unlikely to be the case now.

What puzzles many Chinese is that while US President Donald Trump keeps talking of President Xi Jinping as “a great man” and his “good friend”, he has no qualms about launching this massive trade war against him. With the signs indicating a further escalation rather than an easing, the answer to the puzzle is evident: Trump’s “America first” policy takes precedence over any friendship.

As for China, besides accusing the US of trying to stop its development, the latest official line is that – more than a trade war between the two........

© South China Morning Post