Hong Kong will continue to maintain its status as a free port and will not impose additional tariffs on the United States.

U.S. President Donald Trump announced a 34% tariff on China in the “reciprocal tariffs” that attracted global attention, and the Chinese government decided to impose 34% tariffs on all imports originating in the United States. On April 6, the Financial Secretary of the Hong Kong Special Administrative Region (HKSAR) Government, Paul Chan, 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, capital and information.” Under the principle of “one country, two systems”, Hong Kong is a separate customs territory, and Hong Kong has always imposed no tariffs on all imports, including products from the United States. In addition, since Hong Kong does not levy consumption tax and value-added tax, and US goods entering Chinese mainland are subject to an additional tariff of 34%, there may be a significant price advantage in buying US goods in Hong Kong in the future, and this price difference may stimulate more mainland tourists to purchase US goods in Hong Kong. (Caixin)