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Hong Kong's leader says U.S. tariffs will hurt global trade but boost Hong Kong’s role as a financial and gold trading hub.
Hong Kong’s financial chief Christopher Hui says the U.S. 10% global tariff, announced by former President Donald Trump, will have limited economic impact on Hong Kong and may strengthen its role as a trade hub.
He called the policy a "fiasco" and highlighted Hong Kong’s stability, low taxes, and robust financial infrastructure as key advantages amid global trade uncertainty.
The city aims to expand its position as a global gold trading center with a new cross-border clearing system, launching trial operations in 2026.
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El líder de Hong Kong dice que los aranceles estadounidenses perjudicarán el comercio global pero impulsarán el papel de Hong Kong como centro financiero y de comercio de oro.