GPS News
TRADE WARS
Hong Kong to file complaint with WTO over US tariffs; Colombia to boost China trade after Trump tensions
Hong Kong to file complaint with WTO over US tariffs; Colombia to boost China trade after Trump tensions
by AFP Staff Writers
Hong Kong (AFP) Feb 7, 2025

Hong Kong will file a complaint with the World Trade Organization in response to heightened US tariffs on its goods, a government spokesperson said Friday, days after Beijing announced a similar move.

US President Donald Trump over the weekend launched the opening salvo in an escalating trade war with China, imposing a 10 percent tariff hike on goods coming from mainland Chinese and Hong Kong.

A spokesperson for the financial hub said Friday the Hong Kong government "will formally launch procedures in accordance with the WTO Dispute Settlement Mechanism against the US' unreasonable measures to defend our legitimate rights".

The US tariffs are "grossly inconsistent with the relevant WTO rules and ignore our status as a separate customs territory", the spokesperson said, adding that the government "strongly opposes" the measures.

Mainland China also filed a complaint with the WTO to defend its "legitimate rights and interests", its commerce ministry said.

After reverting to Chinese rule in 1997, Hong Kong has been run as a special administrative region and is classed as a separate customs territory.

It has been a WTO member for three decades.

Hong Kong's secretary for commerce and economic development Algernon Yau said Thursday that the tariffs "are not expected to have a large impact".

Goods exported from Hong Kong to the United States in 2023 were valued at around HK$6.1 billion ($780 million) and made up only 0.1 percent of the city's total exports, Yau added.

City officials have for years tread a fine line by insisting Hong Kong is a separate entity in international trade, but politically an "inalienable part" of China.

The United States removed Hong Kong's special trading privileges in 2020 after Beijing imposed a sweeping national security law on the former British colony to curb dissent.

Trump at the time said in an executive order that Hong Kong was "no longer sufficiently autonomous to justify differential treatment in relation to (China)".

Colombia moves to boost trade with China amid tensions with US
Bogot� (AFP) Feb 6, 2025 - Colombia, whose president crossed swords with US President Donald Trump on accepting deportation flights, announced plans on Thursday to strengthen ties with China by adding a new shipping route to Shanghai.

Colombia's commerce ministry said the new route would take ships across the Pacific from the Colombian port of Buenaventura, via the new Chinese-funded mega-port of Chancay in Peru.

Beijing's ambassador to Bogota, Zhu Jingyang, hailed the announcement on the social network X as "good news" for trade between the Asian giant and Latin America's fourth-biggest economy.

Colombia's Minister of Commerce, Luis Carlos Reyes, described it as "a great step in strengthening relations" between the two nations.

The agreement comes hot on the heels of a blazing row between Trump and Colombia's left-wing President Gustavo Petro over deported migrants.

On January 26, Petro denied entry to two US military planes carrying hundreds of deported Colombians.

A furious Trump responded by imposing tariffs of 25 percent on Colombian products, to which Bogota replied in kind before backing down and sending its own planes to bring home the migrants.

Despite the easing of tensions between Washington and what has traditionally been one of its strongest allies in Latin America, Petro, a leftist ex-guerrilla, has continued to lash out at Trump.

In an interview with Univision television last week, he accused the US leader of defending a "fascist thesis" which seeks to "criminalize" undocumented migrants in the United States and compared it to Adolf Hitler's treatment of Jews during World War II.

At the height of his row with Trump, Petro called for the commerce ministry to explore new export markets, beyond the United States.

His bid to boost ties with China comes during a visit by US Secretary of State Marco Rubio to Central America, aimed in part at countering growing Chinese influence in the region.

Related Links
Global Trade News

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
TRADE WARS
US fashion group PVH says 'deeply disappointed' over China sanctions
Beijing (AFP) Feb 5, 2025
US firm PVH, which owns Tommy Hilfiger and Calvin Klein, said Wednesday it was "deeply disappointed" by China's decision to place it on the country's sanctions list. Beijing on Tuesday added the fashion group and biotech giant Illumina to its list of "unreliable entities" - part of a swath of measures against US businesses in China in an escalating trade war between the two economic superpowers. In response, the New York-based firm told AFP it was "surprised and deeply disappointed to learn of ... read more

TRADE WARS
French cognac exports to China slump as tariffs bite; Scottish whisky makers fear return of Trump tariffs

Study examines how African farmers are adapting to mountain climate change

Ancient agricultural strategies unveiled as pre-industrial societies adapted to climate shifts

Revolutionary Irrigation System Unearthed in Amazon Linked to Neolithic Revolution

TRADE WARS
Chipmaker Intel beats revenue expectations amidst Q4 loss

A spintronic perspective on chiral molecule interactions

Nvidia chief meets Trump amid AI trade tensions

Improving the way flash memory is made

TRADE WARS
NORAD responds to 'multiple' Russian jets near Alaska, Yukon

Japan scrambles jets as Russian bombers fly over high seas

UK eyes third Heathrow runway in growth takeoff bid

UK backs third Heathrow runway in growth takeoff bid

TRADE WARS
Toyota announces Lexus EV plant in Shanghai

Norway nears 100% goal of all-electric cars

EU vows 'action plan' for beleaguered auto sector

GM reports loss on China hit, projects higher 2025 profits

TRADE WARS
China inflation picks up after Lunar New Year spending boost

US Post halts China suspension after stoking trade fear; EU eyes import fee on e-comm packages

Most markets track Wall St gains, USPS rethink provides boost

China slams US 'suppression' as trade war deepens

TRADE WARS
Green light for AI-driven mapping of New Zealand's forests

Launch of the most comprehensive European wetland map

King Charles III teams up with Amazon for documentary

Indonesia deforestation rises for third year running: NGO

TRADE WARS
Zohar rides with SpaceX to enhance real time space weather coverage

Trump taps 'Sharpiegate' meteorologist to lead top science agency

GHGSAT Selected as Copernicus Contributing Mission by ESA and EU

Scientists cast doubt on famous US groundhog's weather forecasts

TRADE WARS
Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.