Trump's War on Foreign Students Is a Gift to Hong Kong

You'd think Donald Trump is a genius, always looking for ways to give the US an edge. But the reality is, many of his policies—both at home and abroad—have ended up being a massive boost for China. That's why he's earned the nickname "川建國" (Chuan Jianguo), or "Trump Builds China." And now, it seems Hong Kong is also cashing in on his moves, making "川建港" (Chuan Jiangang), or "Trump Builds Hong Kong," just as fitting.
 
His latest stunt? A crude crackdown on foreign students that has sent shockwaves through US universities. Fall enrollment has plummeted, with the number of Chinese students dropping by 12%. This has choked off a vital revenue stream for many institutions, forcing them to slash salaries and staff just to stay afloat.
 
Meanwhile, Hong Kong is doing the exact opposite. By throwing its doors wide open, it's attracting students from the mainland and beyond who are now thinking twice about the US. This isn't just a win for the universities' bank accounts; it's a shot in the arm for the entire economy. So, yes, we really have "Chuan Jiangang" to thank for this unexpected windfall.

Thanks, Trump: As the US slams its doors, mainland students are flocking to Hong Kong.

A Campaign of Control

Right after taking office, Trump launched an iron-fisted campaign to whip everyone into line, from the government and military to intelligence agencies and the judiciary. Universities quickly became a prime target.
 
After a drawn-out battle to bring Harvard to heel, he issued a memorandum last week called the "Compact for Academic Excellence in Higher Education" to nine top universities, including MIT.
 
The deal? Follow the government's "ideological guidelines" to control student thought and cap foreign undergraduate enrollment at 15%. In return, universities get to keep their federal funding and research grants—a blatant case of using cash to buy compliance.
 
Even before this 15% cap, US media reported that Trump was already using every trick in the book to keep foreign students out. We're talking delayed visas, restricted visa numbers, and intense scrutiny of applicants. Add to that the government's move to expel students who participated in protests, and it's no surprise that many who had their sights set on the US are now looking elsewhere.
 
The Numbers Don't Lie

The latest data from the U.S. International Trade Administration (ITA) paints a grim picture. August is usually the peak season for foreign students arriving in the US, but this year, only 313,000 entered on visas—a staggering 19% drop from last year. Asian students, who have long been the majority, saw the steepest decline of 24%, falling to just 191,000. Within that group, the number of Indian students plummeted by 44%, and Chinese students were down 12%.
 
For many American universities, international students are a financial lifeline. This sharp decline in enrollment has hit them hard and fast, plunging them into a financial crisis. Reuters spoke to 10 universities, and every single one reported a drop in foreign students, with one seeing a 19% decrease. With tuition income drying up, some schools have been forced to make drastic cuts just to survive.
 
Take DePaul University in Chicago, a private institution that saw 755 fewer foreign students this year, a 30% reduction. Facing a deficit, it had to slash spending, cut executive pay, lay off staff, and freeze hiring. It's a story playing out across the country. At least 35 institutions have had to lower their budgets, and the University of Southern California has cut 630 positions. It's a scene of widespread misery.
 
America's Loss, Hong Kong's Gain

Trump has his own twisted logic for this "expulsion" policy. He thinks that by reducing the number of foreign students, he's creating more spaces for America's own "excellent students," completely ignoring the economic fallout.
 
The truth is, foreign students are big business. It's predicted that the 30% to 40% drop in international students this fall will result in a $7 billion economic loss and 60,000 fewer jobs. And that doesn't even touch on the decline in foreign graduate students, which will cripple research in many fields and ultimately weaken America's economic strength.
 
While US universities are left high and dry by Trump, Hong Kong is reaping the rewards. In recent years, the Hong Kong government has gone in the opposite direction, boosting the proportion of non-local students in government-funded universities to 40% in the 2024-25 academic year, with 26,600 students currently enrolled. Next year, that figure will rise to 50%, opening the floodgates.
 
Friends in the education sector tell me that some mainland students, spooked by Trump's harsh policies, have scrapped their plans to study in the US and are coming to Hong Kong instead. As a result, applications from non-local students are surging at all universities. HKUST and PolyU each received over 20,000 applications, and even a private institution like Hang Seng University saw over 10,000. Once the university town in the Northern Metropolis is complete, the number of non-local students is set to skyrocket.

The Trump Effect: US universities face financial ruin as foreign students flee his crude "expulsion" tactics.

A Bright Future for Hong Kong

The more the US tightens its grip, the more Hong Kong's education industry thrives, and the economic benefits are already clear. A UBS report out today predicts that between 2029 and 2030, the number of non-local university students will hit 140,000. To tackle the housing shortage, the government is encouraging hotels to convert into student dorms, which is great news for hotel operators. The sustained demand for private rentals will also give the property market a healthy boost.
 
While US universities are being wrecked by Trump, shrouded in gloom, Hong Kong's institutions are looking at a bright future. For that, we really have to say a big thank you to "Chuan Jiangang."
  
Lai Ting-yiu

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The most consequential national security trial yet to come is also the one with the most unanswered questions — and at the centre of it is a man who almost made it out.

Monday (Feb 23) was "Renri" (人日) — the seventh day of the Lunar New Year, meant to be a day of celebration for all people. But for the 12 defendants in the "35+ Subversion Case," there was nothing to celebrate. The Court of Appeal dismissed all their appeals against both conviction and sentencing in full. Unless they push it all the way to the Court of Final Appeal, this case is done. That brings two of the three major national security cases to a close — the other being the Jimmy Lai trial. What remains is the Joshua Wong case, expected to go to trial around mid-year. Like Lai's, it reaches into the highest levels of American politics, and it will almost certainly expose a trove of behind-the-scenes dealings that will shake Hong Kong to its core. The trial is close enough that the details don't need spelling out here. But one mystery absolutely does: Wong was once Washington's darling — so why did he never make it out, while his co-conspirator Nathan Law did? An investigative report by American journalists cracked open the story.

Wong's trial is the last big national security case standing — and the most explosive one yet. How did he never make it out?

Wong's role in the Occupy Central movement and the 2019 unrest needs no introduction. In June last year, while already serving a prison term at Stanley Prison on sedition charges, he was arrested again and charged under the Hong Kong National Security Law with conspiracy to collude with foreign forces to endanger national security. His second pre-trial review at the Magistrates' Court came on 21 November last year, with the next hearing set for 6 March; the full trial at the High Court is expected to begin around mid-year. This case carries weight every bit as significant as the Jimmy Lai trial — the spotlight it commands will be enormous.

The Charges Are Grave

The prosecution alleges that between July and November 2020, Wong — together with Nathan Law and others yet to be identified — conspired in Hong Kong to solicit foreign governments and institutions to impose sanctions against the Hong Kong SAR and the People's Republic of China, and to seriously obstruct the government in enacting and enforcing its laws and policies. The charges carry a potential sentence of life imprisonment. What exactly Wong and Law did, and which foreign officials were involved, the prosecution will lay out in full when the trial begins.

The public has long asked some uncomfortable questions. Did Joshua Wong ever consider fleeing before or after the National Security Law came into force at the end of June 2020? If so, why did it never happen? Did the US government try to help him get out? An investigative report by two American journalists answered part of the puzzle — and sources familiar with the matter, when contacted by Hong Kong media, broadly confirmed what it said.

Wong Begged Washington for Help

The night before the National Security Law took effect, Wong reached out through a senator's adviser to appeal directly to President Trump for help. At the same time, he sent an email to then-Secretary of State Mike Pompeo, explicitly asking to be helped to "travel to the United States to seek political asylum, by whatever means necessary". That email tells you everything. Wong knew exactly how dangerous his situation had become — and he was betting his future on American goodwill.

  

Around the same time, Wong arranged to meet two officials from the US Consulate General in Hong Kong at St. John's Building, directly across the street from the consulate. He made clear he wanted to walk in and seek refuge. He was turned away on the spot. When Pompeo saw the email, he consulted with his staff and arrived at the same conclusion: letting Wong through the consulate doors was simply not an option — Washington feared Beijing would retaliate by forcing the US consulate in Hong Kong to close entirely.

State Department officials went further, exploring a covert plan to smuggle Wong out of Hong Kong by sea — routing him through Taiwan or the Philippines before eventually reaching the United States. That option was killed too, on the grounds that any such attempt would very likely be intercepted by Chinese authorities, triggering a diplomatic crisis. When the accounting was done, American interests won out — and Joshua Wong was coldly abandoned.

By that point, Nathan Law had already made it out. Seizing Pompeo's visit to London, Law met the Secretary of State privately and raised the question of rescuing Wong one more time — and was once again turned away without sympathy. In September 2020, Wong was arrested on sedition charges and imprisoned two months later. Any remaining window for escape had sealed shut.

Law Moved Fast — and Made It

 

Nathan Law is named as a co-conspirator in the charges against Wong — meaning that if arrested, they face the same jeopardy. But Law proved far more calculating than Wong. Shortly before the National Security Law took effect, he quietly slipped away, eventually confirming his presence in the United Kingdom on 13 July 2020. He even staged a moment of wistful sentiment, declaring: "With this parting, I do not yet know when I shall return... May glory come soon!" — words that, in the circumstances, could not have sounded more hollow.

Same charges, same case — but Law ran, and Wong didn't. One man made it out clean. The other is still paying the price.

Joshua Wong — sharp-witted all his life — took one step too many in trusting the Americans, and that delay cost him everything. The US government, in the name of "national interest," discarded him without hesitation. As his trial approaches, the reality is this: placing any further faith in American support would be the last illusion he can afford.

Lai Ting-yiu