Hong Kong Financial Secretary Paul Chan said the legislative region will not respond with countermeasures to new US tariffs on Chinese imports.
Speaking at a seminar on Saturday, Chan said the government remains committed to open trade. He noted the government opposed Washington's move but stressed that supporting a rules-based trading system is key.
His comments come after the US recently imposed a 34% tariff on Chinese goods, prompting Beijing to apply the same rate to American products.
