The trade war may reverse Hong Kong’s commercial decline
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Published 4/16/2025 on economist.com
Business | Schumpeter
Asia’s once-dominant business centre is regaining ground lost to Shanghai, Singapore and New York
Apr 16th 2025
AS DONALD TRUMP’S tariff tantrum destroyed trillions of dollars in shareholder value, shrieks of horror from American chief executives grew high-pitched. If you think America Inc had it bad, then spare a thought for Hong Kong. The self-governing Chinese territory is the world’s gateway to Asia, and China in particular. It is also Asia’s, and China’s, gateway to the world. And for the trade-warmonger-in-chief, China and Asia are enemies number one and two.
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OpinionBusinessHong KongSchumpeterThis article appeared in the Business section of the print edition under the headline “Return of the entrepot”
Business
April 19th 2025
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From the April 19th 2025 edition
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