Hong Kong businesses take Trump’s latest tariff surprise in stride
South China Morning Post
by Ng Kang-chungFebruary 23, 2026
AI-Generated Deep Dive Summary
Hong Kong businesses are maintaining their composure despite US President Donald Trump's recent decision to impose new global tariffs following a Supreme Court ruling that invalidated his sweeping import levies. Local financial officials and business leaders believe the impact of the 15% tariff will be limited, reflecting a broader sentiment of resilience in the face of trade uncertainties. This confidence aligns with expert opinions, which suggest that Trump's actions may undermine US investment and trade rather than achieve intended goals.
The decision to raise tariffs comes as part of an ongoing strategy by Trump to rework international trade policies. The Supreme Court ruling striking down his previous levies on imports has prompted a recalibration of his approach, leading to the new 15% global tariff. While Hong Kong businesses acknowledge potential challenges, they remain optimistic about their ability to navigate these disruptions. This optimism is bolstered by the city's robust financial infrastructure and its historical capacity to adapt to external economic pressures.
However, not everyone shares this optimism. Critics argue that Trump's tariffs could exacerbate global trade tensions and harm investor confidence in the United States. As Hong Kong businesses brace for potential fallout, they also recognize the broader implications for international markets. The situation underscores the delicate balance of trade policies and their far-reaching effects on global economic stability.
This development matters to readers interested in world affairs as it highlights a critical juncture in US-China trade relations and the broader impact on global commerce. Hong Kong's response serves as a microcosm of how businesses worldwide are coping with shifting trade dynamics, offering insights into the challenges and strategies employed in navigating uncertain economic landscapes.
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Originally published on South China Morning Post on 2/23/2026