My Take | Can US tariffs really choke the life out of Hong Kong?
2 Articles
2 Articles
Fitch: Hong Kong Banks to Feel Hardest Tariff Hit in Asia
Within Asia, lenders in Hong Kong are expected to feel the greatest impact from higher tariffs, according to a Fitch report. US imports from Hong Kong, along with mainland China, are currently subject to the 145 percent tariffs imposed by President Donald Trump in an escalating trade war. According to a Fitch report, banks in the city could face the biggest rise in bad loans in the Asia Pacific region due to such restrictions. «Hong Kong will se…
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