Hong Kong leader blasts ‘reckless’ US tariffs ...Middle East

Lee told reporters that the “reckless imposition of tariffs affects many countries and regions around the world, with huge tax rate increases and covering a wide range of goods, disrupting the world economic and trade order, bringing great risks and uncertainties to the world”.

“The (United States) no longer adheres to free trade, arbitrarily undermining the internationally established rules of world trade,“ Lee told reporters on Tuesday morning.

Lee said his government will boost its policies in seven areas, including tighter integration with China, seeking regional collaborations and supporting local businesses.

The Chinese finance hub has not followed Beijing’s lead in imposing retaliatory levies, with Chan saying that Hong Kong is committed to free trade.

The finance chief said Monday’s market volatility did not warrant “drastic measures” from the government.

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