Overview

• Mr Xia Baolong condemned US tariffs on China, calling them 'hegemonic' and accusing the US of attempting to destabilize Hong Kong's economic success and values.
• The US has raised tariffs on Chinese imports to 145%, while Hong Kong, as a free port, continues to levy zero import taxes, reinforcing its unique trade position.
• Mr Xia highlighted Hong Kong's $272 billion trade surplus with the US over the past decade, emphasizing the city's vital role in global trade and finance.
• In his remarks, Mr Xia criticized the potential sale of key national assets, warning against actions that compromise China's economic sovereignty.
• Hong Kong leader John Lee echoed criticism of US tariffs, labeling them 'absurd' and reaffirming the city's commitment to its free port policy.