Advertisement
Advertisement
Kandy Wong
Correspondent, Political Economy
Kandy Wong returned to the Post in 2022 as a correspondent for the Political Economy desk, having earlier worked as a reporter on the Business desk. She focuses on China's trade relationships with the United States, the European Union and Australia, as well as the Belt & Road Initiative and currency issues. She graduated from New York University with a master's degree in journalism in 2013. An award-winning journalist, she has worked in Hong Kong, China and New York for the Hong Kong Economic Journal and the Financial Times, E&E News, Forbes, The Economist Intelligence Unit, Nikkei Asia and Coconuts Media.
Kandy Wong returned to the Post in 2022 as a correspondent for the Political Economy desk, having earlier worked as a reporter on the Business desk. She focuses on China's trade relationships with the United States, the European Union and Australia, as well as the Belt & Road Initiative and currency issues. She graduated from New York University with a master's degree in journalism in 2013. An award-winning journalist, she has worked in Hong Kong, China and New York for the Hong Kong Economic Journal and the Financial Times, E&E News, Forbes, The Economist Intelligence Unit, Nikkei Asia and Coconuts Media.
Areas of Expertise:
China economy, markets coverage, Hong Kong politicsLanguages Spoken:
Cantonese, English, Mandarin
Analysts say China has emerged as the ‘only credible global counterweight to Washington’, wielding the ability to walk away as US alienates partners.
While exporters are likely to welcome the tariff reduction agreement, the effective rates of taxation are still complex – and burdensome.
Analysts say the outlook appears more rose-tinted after weeks of tit-for-tat tariff escalations, and the implications for businesses, markets and consumers look encouraging.
Analysts predict a wide range of outcomes for the first round of US-China dialogue, from a ‘soft deal’ to a mutually acrimonious departure.
Advertisement
The first deal in Donald Trump’s trade war may carry symbolic value, but analysts said it would have a limited effect in talks with China.
Beijing wants to tighten restrictions on illegal transshipments through third countries – a risk that companies could exploit, analyst says.
Analysts said this weekend’s dialogue in Switzerland is only prologue for an extended negotiation, as neither side wishes to give ground.
Beijing blames extremist ‘activists’ for an incident over the disputed territory that prompted a flurry of diplomatic protests.
Nearly 90 per cent of the Halloween and Christmas novelties sold in America are imported from China.
China retaliated with strong measures against Washington’s record-high tariffs, but other countries have preferred a softer approach.
US-China Business Council says ‘precipitous decline’ in bilateral trade could destabilise US economy.
The American retail giant will reportedly also bear the cost of any new tariffs, after the escalating US-China trade war slowed deliveries to a trickle.
The political scientist talks tariffs, a potential deal between Donald Trump and Xi Jinping, and why the US dollar has lost some of its lustre.
Chinese high-net-worth investors are wary of taking risks during a period of intense turbulence.
The trade war ‘puts the US in a bad situation’ as it accelerates a shift away from the dollar, veteran investor Mark Dowding says.
With full US-China decoupling looking closer than ever – though not a certainty – suppliers are rapidly evaluating their relationships and options.
Rapid movements in the US-China trade war, even with a 90-day tariff pause, are throwing the global economy into turmoil, analysts say.
Some American businesses see an opportunity to ‘jump in’ during volatile times, and foreign firms already in China are advised to ‘weather through’.
Members of the trans-Pacific trade bloc may be more inclined to allow China to join as they look to counter US tariff threats, analysts say.
China is also moving forward with cross-border rail projects in Central Asia and Southeast Asia.
‘Tariff tensions originate from Washington, and we encourage US businesses to address root causes,’ China’s vice-minister of commerce says in latest round-table chat.
For perspective, the tariffs could wipe out 9 per cent of Apple’s gross margin – unless the added costs are passed through or an exemption is granted, analysts found.
The order, likened to ‘closing a loophole’, could ‘significantly increase administrative and compliance costs’ for the US, and Chinese firms can still stay competitive, analysts say.
With US ‘reciprocal tariffs’, taxes on Chinese goods have climbed even further – with some analysts predicting an effective rate of ‘almost 70 per cent’.
US’ annual report on global trade barriers, with a lengthy China section, presages reciprocal tariffs – and suggests stronger action down the line.
Donald Trump’s deadline for China report has arrived, ahead of his ‘Liberation Day’ to free US economy from what he sees as unfair practices.
Chinese regulators have for the first time granted companies approval to operate autonomous passenger drones.
Article on social media suggests US policy, low consumer sentiment will continue to motivate capital flight, though movement is likely to be slower.
As the US attempts to peel Russia away from China, Moscow and Beijing’s auto trade has slowed. Is Donald Trump’s plan working?
