Hong Kong re-exporters urged to remain cautious despite US-China trade talks

The latest US-China trade talks may have alleviated concerns among some Hong Kong re-exporters, but the sector should remain cautious as American President Donald Trump’s administration has been accused of creating crises to gain bargaining power, according to observers.

High-level officials from the two nations concluded their two-day economic and trade consultation mechanism meeting in London on Wednesday.

Lin Jian, the spokesman for China’s Ministry of Foreign Affairs, said on Thursday that Beijing had always been true to its word and acted decisively on agreements.

“Since a consensus has been reached, both sides should adhere to it,” he said.

“[We] hope the US side will work with China to implement the important consensus reached during the phone call between the two heads of state, leveraging the role of the China-US economic and trade consultation mechanisms to enhance understanding, reduce misunderstandings, and strengthen cooperation through communication and dialogue.”

Trump earlier announced that a trade agreement had been reached with China.