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Hong Kong leader says city will sign more free trade pacts amid 'ruthless' US tariffs

Published on 8 Apr 2025 1:11:08 PM

Hong Kong leader John Lee said on Tuesday (April 8) the city would sign more free trade pacts to diversify its risk amid a global trade war triggered by what he called "ruthless" U.S. tariffs that he said were disrupting the world economic and trade order.

The latest additional U.S. tariffs of 34 percent that were imposed on China also apply to Hong Kong.

This coupled with an earlier 20 percent tariff, means combined U.S. tariffs on Hong Kong goods are now 54 percent, Lee said.

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