TDC trims export forecast as US tariffs ensnarl Hong Kong

advertisement
Irina Fan says the new tariffs will only have a mild impact. SING TAO
Irina Fan says the new tariffs will only have a mild impact. SING TAO

Staff reporter

The Hong Kong Trade Development Council has trimmed its forecast for Hong Kong's export growth this year by 0.5 percentage points to 3.5 percent as the new US tariffs bite.

The new levies are expected to have only a mild impact on Hong Kong as its dependence on the US market is relatively low, said HKTDC director of research Irina Fan Yuen-yee.

In an interview with local broadcaster Radio Television Hong Kong, Fan said Hong Kong's exports to the United States account for a far smaller proportion of the total compared to other nations like Canada and Mexico, where figures reach as high as 70 to 80 percent.

Related Article
Understanding Wealth: How Is It Defined and Measured?
Social Good: Definition, Benefits, and Examples
Labor Union: Definition, History, and Examples
President Biden's Plan for Combating COVID-19
HK economy to grow in 2025 despite headwinds
Chip, AI stocks lend hand in midday battle
AI, chip shares drive Hong Kong stocks to four-month high
New Zealand changes ‘Golden Visa’ to lure wealthy migrants
©2025 EcoInvest All Rights Reserved
Privacy Policy
Terms of Service
  •  HOME
  •  HOT ARTICLES
  •  RECOMMENDED
  •  LATEST NEWS
  •  POPULAR POSTS
  •  RELATED ARTICLE
  •  PRIVACY POLICY
  • Home
  • HOT ARTICLES
  • RECOMMENDED
  • LATEST NEWS
  • POPULAR POSTS
  • RELATED ARTICLE
  • PRIVACY POLICY