{"id":438981,"date":"2026-02-22T03:27:12","date_gmt":"2026-02-22T03:27:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/438981\/"},"modified":"2026-02-22T03:27:12","modified_gmt":"2026-02-22T03:27:12","slug":"new-us-10-global-tariff-will-have-limited-impact-on-hong-kong-treasury-chief","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/438981\/","title":{"rendered":"New US 10% global tariff will have \u2018limited impact\u2019 on Hong Kong: treasury chief"},"content":{"rendered":"<p>The new 10 per cent global tariffs imposed by the United States will have only a \u201climited impact\u201d on Hong Kong, the <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/christopher-hui?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">treasury chief<\/a> has said, adding that the move highlights the city\u2019s strength as a safe haven for capital amid geopolitical uncertainty.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The remarks followed US President Donald Trump\u2019s announcement on Friday of his plan to impose a new round of tariffs on all trading partners, effective immediately, after the US Supreme Court ruling against his earlier sweeping emergency duties.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Secretary for Financial Services and the Treasury Christopher Hui Ching-yu downplayed the impact of the new tariff on Saturday, pointing to Hong Kong\u2019s services-dominated economy.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cOur economy has solid fundamentals, and the services sector accounts for a very substantial portion of our gross domestic product,\u201d Hui said.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cEven when facing varying situations regarding tariffs over the years, their impact on our economic resilience has been relatively limited.\u201d<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">He added that the US move underscored the importance of predictability in investment.<\/p>\n","protected":false},"excerpt":{"rendered":"The new 10 per cent global tariffs imposed by the United States will have only a \u201climited impact\u201d&hellip;\n","protected":false},"author":2,"featured_media":438982,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,891,117738,141,1294,6875,159839,465,26488,159840,147423,156,56,54,158,55,4540],"class_list":["post-438981","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-china","tag-christopher-hui-ching-yu","tag-donald-trump","tag-economy","tag-hong-kong","tag-hong-kong-precious-metals-central-clearing-company-limited","tag-investment","tag-safe-haven","tag-secretary-for-financial-services-and-the-treasury","tag-shanghai-gold-exchange","tag-tariffs","tag-uk","tag-united-kingdom","tag-united-states","tag-unitedkingdom","tag-us-dollar"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/438981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=438981"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/438981\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/438982"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=438981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=438981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=438981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}