China's Top Hong Kong Official Warns US 'Hillbillies' Over Tariffs [Barron's]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: Barrons
Xia Baolong, director of the Hong Kong and Macao Work Office, said in a speech that the Chinese finance hub has never levied taxes on imports and that the United States enjoyed a $272 billion trade surplus in the city over the past decade. US President Donald Trump has increased the levies imposed on China to 145 percent, while Beijing has set a retaliatory 125 percent toll on American imports -- a move not followed by Hong Kong. Imposing tariffs on the city is "hegemonic and shameless in the extreme", and shows that the United States does not want Hong Kong to thrive, Xia said. The United States, he said, "is the greatest culprit in undermining Hong Kong's human rights, freedom, rule of law, prosperity and stability." "It is not after our 'tariffs' -- it wants to take our 'lives'." Xia said the US sanctions and tariffs would not shake the determination of Beijing and Hong Kong governments and that "victory must belong to the great Chinese people". "Let those American 'hi
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