The impact of the US tariffs on Hong Kong is expected to be less severe than that faced by mainland China. - AFP
HONG KONG: Hong Kong has not been spared in the tariff crossfire between US President Donald Trump and China, but “the sky will not fall” in the city thanks to its unique advantages, according to a senior Chinese official.
Trump has slapped up to 145 per cent tariffs on imports from China, including Hong Kong, despite the city’s status as a free port, where goods are processed and pass through without being taxed.
