Stock markets LIVE: FTSE forecast to soar 12.3% as | U.Ok.Finance News
Hong Kong’s chief, John Lee, has described the US tariffs as “bullying”, saying the “ruthless behavior” has broken world and multilateral trade on high of bringing great dangers and uncertainties to the world.At a press convention earlier in the present day, Mr Lee pledged to take steps to tackle the tariffs.He mentioned town would seize more alternatives in China’s development, signal more free trade agreements with different economies and proceed to push for Hong Kong’s accession to the 15-nation Regional Comprehensive Economic Partnership.Mr Lee additionally vowed to increase worldwide financial cooperation, appeal to overseas corporations and capital to Hong Kong, and help companies address the tariff impacts.It comes after the free port’s finance minister, Paul Chan, mentioned on the weekend there have been no plans to retaliate towards the US, in accordance to the South China Morning Post.China, in the meantime, has vowed to “fight to the end” and take countermeasures towards the United States to safeguard its own pursuits.According to Reuters, Mr Lee was sanctioned in 2020 for his position in cracking down on human rights protesters in Hong Kong.
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