To: pak73 who wrote (3196 ) 9/2/2019 3:14:57 PM From: GPS Info 1 RecommendationRecommended By pak73
Read Replies (2) | Respond to of 13877 KYLE DOES INDEED SAY THAT HONG KONG as a separate ENTITY does NOT Pay Tariffs. Why do you think this is important? From your earlier post: The U.S. products have no trump tariffs on them ! ! Seems hard to believe. Why is this hard to believe? The context on these comments was much more important than any tariffs: Kyle Bass was commenting on the extradition treaty that Hong Kong was formulating and its potential effect on its economy.@28:50 - The Brits agreement with Hong Kong and the US agreement with Hong Kong, for instance, the 1992 US-Hong Kong Policy act is re-ratified annually. The State Department submits a report to the President and then it’s up to the President to either take the State Department’s recommendation or do whatever he wants to do. If he determines that they are no longer sufficiently autonomous, we can treat Hong Kong as China. Well, that changes the entire complexion of Hong Kong’s economy, meaning all of a sudden, all the tariffs, all the restrictions, all the rules of trade that we engage with China on, we start treating Hong Kong that way. Today, Hong Kong is treated as its own sovereign. There are no tariffs, it’s free trade, unabated free trade. If the US treat Hong Kong like China, there will be massive tariffs and massive disruptions to the Hong Kong economy.Bass: It's always one thing. It's always the wealthy lose faith or fear the government and they start moving their assets out... So, if the wealthy in Hong Kong either convert to dollars or start leaving, which I think both will happen, then Hong Kong is finished. Question for the board: is TJ smart enough to get his ass out of Dodge? (Assuming he hasn't already.)