Frederick Ma says situation in city is better than most places thanks to free port status, governing principle and support from mainland China
Uncertainties stemming from a reignited US tariff war will potentially cloud Hong Kong business expansion plans and dampen economic growth for the rest of the year, Trade Development Council chairman Frederick Ma Si-hang has said.
But in an exclusive interview with the Post, Ma expressed cautious optimism that a US-China trade deal could be reached by the end of the year, noting that Washington was aware heavy tariffs on Beijing would harm the economy and worsen inflation in the United States.
Last week, US President Donald Trump announced fresh tariffs on more than 60 countries, part of a shift towards a new era of protectionism. Observers also said Washington’s decision to suspend the “de minimis” rule, which allowed small packages under US$800 to enter duty-free, was set to disrupt the global e-commerce sector.
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