, Columnist
Hong Kong Could Be a Loser From the Trade Deal
One way to narrow the U.S. deficit with China would be to re-route shipments through mainland ports. That could hurt the city’s economy.
All quiet on the southern front.
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As the gateway for China’s trade with the world for more than 70 years, Hong Kong might be expected to benefit from the phase one deal that Beijing will sign with Washington on Wednesday. Chances are, things won't pan out that way.
Consider the $200 billion increase in Chinese imports from the U.S. over the next two years that Washington hopes to see as a result of the agreement. Such a rise would involve nearly doubling inbound trade.