Reported 9 days ago
Hong Kong leader John Lee announced plans to sign more free trade agreements to mitigate risks from high U.S. tariffs, which he described as 'ruthless' and damaging to global trade. Despite the 54% tariff increase affecting Hong Kong, the city remains committed to being a free port, without imposing retaliatory tariffs. Lee emphasized efforts to strengthen trade links with regions such as Southeast Asia and the Middle East, and to establish new trade offices while negotiating investment agreements with countries like Saudi Arabia and Peru.
Source: YAHOO