Tariff tensions between China and the United States will likely have an indirect impact on Macau by affecting tourism from mainland China and Hong Kong, academics have told Inside Asian Gaming.
The warning comes amid an ongoing tit-for-tat between the two economic powerhouses, with China whacking retaliatory 84% tariffs on US goods this week, only for US President Donald Trump to respond with tariffs of 125% on imports from China.
Lau Pun Lap, President of the Macau Economic Association, said, “According to trade data, Macau’s exports to the United States last year amounted to about MOP$300 million, while imports from the United States amounted to more than MOP$7 billion, so from a trade perspective the tariffs imposed by the United States do not have a significant impact on Macau’s imports and exports of goods.”
