Source: scmp.com
Image content: The image depicts a shipping yard with a prominent green and beige shipping container in the foreground, featuring the words "CHINA SHIPPING" in white letters. The container is situated beneath a large crane, which dominates the center of the image, boasting a striking red and white color scheme and prominently displaying the letters "LBCT". Behind the crane, a chain-link fence is visible, accompanied by additional shipping containers.
Summary
The ongoing trade tensions between the US and China are escalating globally, with the US imposing new port fees on Chinese vessels and increasing scrutiny of China's space collaboration with Latin America. China has vowed to retaliate against the US fees, while Hong Kong industry leaders suggest diversifying to other markets to mitigate the impact.
Key Points
- US imposes new port fees on Chinese vessels, sparking China's retaliation vow
- US scrutiny of China's Latin America space collaboration puts pressure on long-standing partnerships
- Hong Kong industry leaders suggest using alternative ports and diversifying markets to mitigate US fees impact