Trump’s new tariffs underscore Hong Kong’s advantages, city official says

A drone view shows an Evergreen Marine container ship at a port in Kwai Chung, Hong Kong, China April 16, 2025. REUTERS
HONG KONG, Feb 21 (Reuters) – President Donald Trump’s decision to add a new 10% tariff on imports going into the U.S. will benefit Hong Kong as a trade hub, a senior official in the city said on Saturday.
Christopher Hui, the secretary for financial services and the Treasury, called the tariff situation in the U.S. a “fiasco” during an interview with Commercial Radio Hong Kong.
The new levy serves to underscore Hong Kong’s “unique trade advantages”, Hui said.

Reporting by Selena Li and Gregory Torode; Editing by William Mallard

 

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