The Supreme Court of the US ruled that President Donald Trump's tariff measures were illegal, after which Trump signed an executive order imposing a 10% tariff on a global scale starting next Tuesday. In response to this matter and its impact on Hong Kong, the Secretary for Financial Services and the Treasury, Christopher Hui, stated today (Jan. 21) that the incident reflects the stability and certainty of Hong Kong's policies. It showcases Hong Kong's advantages as a safe harbor for capital and investment, emphasizing the importance of predictability for global investors.
Hui expressed that Hong Kong's economy has a certain level of resilience, with the service industry accounting for a significant portion of the local GDP. Therefore, even though tariffs may vary in different situations, their impact on Hong Kong's economic resilience is relatively limited. He believes that as long as efforts continue, the overall environment in Hong Kong will improve.
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