logo
Mainland manufacturers at Hong Kong trade show look to Middle East amid trade war

Mainland manufacturers at Hong Kong trade show look to Middle East amid trade war

Mainland Chinese manufacturers at a trade show in Hong Kong have been keen to diversify their markets towards the Middle East to mitigate the impact of the intensifying trade war.
Advertisement
At the second phase of the Global Sources Hong Kong Shows held at the AsiaWorld-Expo from Friday to Monday, more than 150,000 products were showcased in categories such as mobile electronics, smart homes, lifestyle, and home and kitchen.
Among them was Doogee, a mainland manufacturer specialising in rugged smartphones designed to withstand extreme weather and rough environments, which said it was looking to diversify its markets amid the tariff war.
The firm cited one of their bestsellers – the S200X model – as an example. Priced at about US$300, the phone is compatible with the AI system developed by Google Gemini and different models support features such as projectors.
'Europe accounts for 60 per cent of our market, and the US 20 per cent,' Yuki Zhu, a spokeswoman for the company, said. 'We're looking at the Middle Eastern market to lessen the reliance on the US market. We export 200,000 tablets to the region every year.'
Advertisement
US President Donald Trump had imposed cumulative tariffs of 145 per cent on all Chinese goods over several rounds, with the White House also revealing the figure to be as high as 245 per cent on some goods.
Washington also planned to charge tariffs on small-value parcels from Hong Kong from May 2, ending a customs exception.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump moves nuclear subs after Medvedev comments
Trump moves nuclear subs after Medvedev comments

RTHK

time43 minutes ago

  • RTHK

Trump moves nuclear subs after Medvedev comments

Trump moves nuclear subs after Medvedev comments US President Donald Trump has been sparring with the former Russian president on social media. Photo: Reuters US President Donald Trump ordered the deployment of two nuclear submarines on Friday in an extraordinary escalation of what had been an online war of words with a Russian official over Ukraine and tariffs. Trump and Dmitry Medvedev, the deputy chairman of Russia's security council, have been sparring on social media for days. Trump's post on his Truth Social platform abruptly took that spat into the very real -- and rarely publicised -- sphere of nuclear forces. "Based on the highly provocative statements," Trump said he had "ordered two Nuclear Submarines to be positioned in the appropriate regions, just in case these foolish and inflammatory statements are more than just that." "Words are very important, and can often lead to unintended consequences, I hope this will not be one of those instances," the 79-year-old Republican posted. The nuclear sabre rattling came against the backdrop of a deadline set by Trump for the end of next week for Russia to take steps to ending the conflict in Ukraine or face unspecified new sanctions. Despite the pressure from Washington, Russia's onslaught against its pro-Western neighbour continues to unfold at full-bore. An AFP analysis on Friday showed that Russian forces had fired a record number of drones at Ukraine in July. Russian attacks have killed hundreds of Ukrainian civilians since June. A combined missile and drone attack on the Ukrainian capital Kyiv early Thursday killed 31 people, including five children, said rescuers. Russian President Vladimir Putin, who has consistently rejected calls for a ceasefire, said Friday that he wants peace but that his demands for ending his nearly three-and-a-half year invasion were "unchanged". Those demands include that Ukraine abandon territory and end ambitions to join Nato. (AFP)

Trump orders labour statistics official fired after weak jobs report
Trump orders labour statistics official fired after weak jobs report

South China Morning Post

timean hour ago

  • South China Morning Post

Trump orders labour statistics official fired after weak jobs report

US President Donald Trump said on Friday he had ordered the commissioner of the US Bureau of Labour Statistics, Erika McEntarfer, fired, alleging data falsification, not long after July's disappointing jobs numbers challenged his claim of a burgeoning American economy. The latest BLS data, which had been released earlier on Friday, showed employment growth last month was anaemic, with a gain of merely 73,000 non-farm jobs, below market expectations of an increase of more than 100,000 jobs. Furthermore, the Labour Department lowered its payroll count for May and June by a combined 258,000 jobs, the largest downward revision for a preceding two-month period since March and April 2020, at the onset of the Covid-19 pandemic. The department has lowered month-earlier numbers each month so far this year. The downward revision trend 'has the potential to bring July's positive employment reading into negative territory', Eugenio Alemán, chief economist at Raymond James, said in a research note. 'This is not a guarantee,' he added. 'Nothing prevents the revision to July's number from being positive, but year to date, the BLS has revised 2025 employment numbers by -461,000, which is not a great harbinger for what may be in store for the Federal Reserve (Fed) and markets going forward.' The bleak jobs picture came as a blow to Trump's sanguine take on the economy after US gross domestic product expanded in the second quarter by 3 per cent.

US treasury secretary says meetings with Chinese have ‘advanced our talks'
US treasury secretary says meetings with Chinese have ‘advanced our talks'

South China Morning Post

timean hour ago

  • South China Morning Post

US treasury secretary says meetings with Chinese have ‘advanced our talks'

US Treasury Secretary Scott Bessent said on Friday that meetings with his Chinese counterparts this week 'advanced our talks', but stopped short of confirming that US President Donald Trump approved the consensus that Beijing claimed they had reached. 'This week's negotiations in Stockholm have advanced our talks with China, and I believe that we have the makings of a deal that will benefit both of our great nations,' Bessent wrote on X. 'Thanks to the powerful bond between @POTUS and President Xi, I am optimistic about the path forward,' he added, without specifying where consensus stands following talks that ended on Tuesday. Since then, the US side is seen taking its time to confirm any new agreement reached with China, its third-largest trading partner, after neighbouring Mexico and Canada. China's vice-minister of commerce, Li Chenggang, who also took part in the talks, said before leaving Stockholm on Tuesday that a pause on new tariff increases – in place since May – would be extended, but neither Trump nor Bessent has made similar announcements. The Trump administration has instead delivered mixed messages.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store