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Hong Kong’s leader, John Lee, has described the US tariffs as “bullying”, saying the “ruthless behavior” has damaged global and multilateral trade on top of bringing great risks and uncertainties to the world.
At a press conference earlier today, Mr Lee pledged to take steps to address the tariffs.
He said the city would seize more opportunities in China’s development, sign more free trade agreements with other economies and continue to push for Hong Kong’s accession to the 15-nation Regional Comprehensive Economic Partnership.
Mr Lee also vowed to boost international financial cooperation, attract foreign companies and capital to Hong Kong, and help businesses cope with the tariff impacts.
It comes after the free port’s finance minister, Paul Chan, said at the weekend there were no plans to retaliate against the US, according to the South China Morning Post.
China, meanwhile, has vowed to “fight to the end” and take countermeasures against the United States to safeguard its own interests.
According to Reuters, Mr Lee was sanctioned in 2020 for his role in cracking down on human rights protesters in Hong Kong.
