Beijing’s counter-tariffs on US goods to have ‘limited impact’ on Hong Kong prices

Beijing’s new counter-tariffs on certain US goods are expected to have a limited impact on the prices of American products in Hong Kong, economists have said, but one industry head has warned that local business could still suffer from weaker investment sentiment as the trade war erupted between the superpowers.

The latest round of Beijing’s retaliatory measures against the United States included imposing additional import tariffs of 15 per cent on poultry and agricultural products, and 10 per cent on soybean, pork, beef, fruit, vegetables and dairy, sparking questions about a potential spillover on Hong Kong.