
Hong Kong Warns of Global Risk from US Tariffs
Hong Kong Chief Executive John Lee warned on Friday that the tariffs recently imposed by the United States could precipitate a global economic downturn. Speaking to the Global Times, Lee emphasized that protectionist measures by the US threaten global economic stability and could have far-reaching consequences for international markets.
Despite the concerns, Lee underscored his confidence in China's economic resilience. He asserted that the "long-term positive trajectory of China's economy is unstoppable," suggesting that current tensions would not derail Beijing’s growth momentum. Lee predicted that the US tariffs would prompt global investors and financial institutions to increasingly turn to Hong Kong as a strategic gateway to mainland China.
Lee further stated that Hong Kong will play an active role in supporting the mainland during the ongoing trade conflict by enhancing supply chain services. He highlighted Hong Kong's strategic position and its deep financial and logistical integration with China as key advantages that would help mitigate the impact of US economic policies.
The remarks come amid escalating trade tensions between Washington and Beijing, with new tariffs raising concerns about a broader economic slowdown. Hong Kong’s leadership appears poised to leverage the situation by positioning the city as a critical bridge between China and the rest of the world, reinforcing its role in regional and global trade dynamics.