Hong Kong will continue to maintain its free port status and will not impose US tariffs

US President Donald Trump announced plans to impose a 34% tariff on China in the "reciprocal tariffs" that have attracted worldwide attention. In the subsequent announcement of countermeasures, the Chinese government decided to also impose a 34% tariff on all imported goods originating in the United States. On April 6, Paul Chan, the financial secretary of the Hong Kong Special Administrative Region government, revealed in a blog post: "Hong Kong will continue to maintain its status as a free port, implement a free trade policy, and ensure the free and convenient flow of goods, funds and information." Under the principle of "one country, two systems", Hong Kong is a separate customs territory. For a long time, Hong Kong has not imposed tariffs on all imported goods, including products from the United States. In addition, since Hong Kong does not levy consumption tax and value-added tax, and US goods entering the Chinese mainland need to pay an additional 34% tariff, there may be a significant price advantage in buying US goods in Hong Kong in the future. (Caixin)