Tariffs A Yellow Card Warning To Beijing: US Envoy
"); jQuery("#212 h3").html("

"); });
2018-04-24 HKT 18:21
The US Consul General in Hong Kong, Kurt Tong, has warned that trade tariffs imposed by Washington are a yellow card warning to Beijing to play by the rules, and said Hong Kong is a prime example of how prosperity and the rule of law can go hand in hand.
"Yellow cards are an opportunity for a player to change their style of play before someone gets hurt," Tong said, using football terms to explain his point.
Tong, who had previously served in the US State Department's Bureau of Economic and Business Affairs, said the SAR's success is rooted in its autonomy, independent judiciary, freedom of expression and liberal trade and tax policies.
The envoy, speaking at the Foreign Correspondents' Club, said the US has taken trade tariff actions despite the knowledge that China will retaliate.
But he rejected a fear that Hong Kong will get caught in the crossfire between the two countries and said the situation can be an opportunity to demonstrate its value as a "transformative portal" linking China with the rest of the world economy.
"Hong Kong in fact is the most visible example that an economy can be a part of China, but also be consistent with global best practices," he said.
"This is possible because of Hong Kong's rules-based approach to commerce and regulation, in its fiercely independent judiciary, in its freedom of expression and freedom of internet and its highly liberal trade, investment and tax policy," he said.
Answering a question later, Tong said the latest US human rights report flags fears for Hong Kong's high degree of autonomy, and he said he has expressed concern over the "central government's actions that occasionally seem to be inconsistent with its commitment" to this.
HashKey Lists On Hong Kong Exchange
HashKey listed on the Main Board of The Stock Exchange of Hong Kong Limited, becoming the first digital asset company t... Read more
North Korea Linked To Over Half Of 2025 Crypto Heist Losses
TRM has published new research showing that North Korea-linked actors were responsible for more than half of the US$2.7... Read more
South Korea Forms Task Force After Coupang Data Breach
The South Korean government announced on Thursday (19 December) that it will establish an interagency task force to add... Read more
Is Hong Kongs Default Life Insurance Choice A Wealth Drain?
Hong Kong is a city that takes financial security seriously, boasting one of the highest insurance penetration rates in... Read more
RedotPay Secures $107M Series B, Total Funding Hits $194M
RedotPay, a global stablecoin-based payment fintech, has closed a US$107 million Series B round, bringing its total cap... Read more
91% Of Hong Kong Merchants Lose Revenue To Payment Friction
Aspire has released its Hong Kong Ecommerce Pulse Check 2025, highlighting that while mid-sized ecommerce merchants rem... Read more
