According to Sing Tao, RTHK website and other Hong Kong media reports on April 8, Hong Kong Chief executive John Lee This Morning (8) to attend the executive council before the press. For the U. S. Government to impose tariffs, causing global market turmoil. John Lee criticized the United States no longer pursue free trade, undermine the multilateral trading system, abuse tariffs, undermine the World Economic and trade order, the practice of bullying barbaric.
Image Source: Sing Tao, Hong Kong
John Lee said the US had imposed so-called“Reciprocal tariffs” on a number of trading partners, including a 34 per cent tariff on Hong Kong products, in addition to an earlier 20 per cent tariff, RTHK reported, a cumulative duty of 54 per cent. He criticized the United States no longer pursue free trade, break the international community to establish the rules of world trade, the practice of bullying barbaric.
John Lee also said the US approach was destabilising the global consumer goods supply chain and had multiple knock-on effects, including shrinking trade and increasing the risk of a global recession, Singtao said.
John Lee said that the HKSAR Government would respond in seven ways, including continuing to further accelerate its integration into the overall development of the country, strengthening international exchanges and cooperation, and expanding the circle of Hong Kong’s economic and trade friends, we will sign free trade agreements with more countries and economies, accelerate industrial upgrading and transformation, develop high-value-added and innovative economic models, and strengthen digital trade. We will accelerate the development of scientific and technological innovation and attract high-end talents, we will introduce more key enterprises to strengthen Hong Kong’s competitiveness, vigorously promote international financial cooperation to consolidate Hong Kong’s status as an international financial centre, and grasp the trend of multi-country diversification of regional risks to attract more capital to Hong Kong To continue to provide support to the industry to help them meet their challenges.