The Hong Kong Special Administrative Region Government has welcomed the rulings by the panels established under the World Trade Organization's Dispute Settlement Body that the United States imposition of global tariffs on steel and aluminium imports is inconsistent with WTO rules. HKSAR spokesman said, "We welcome the rulings made by the panels of the WTO DSB. As a staunch supporter of the rules-based multilateral trading system, we strongly urge the US to fulfill its obligations as a WTO Member and withdraw the erroneous measures earliest possible. The panels' rulings clearly show that the US has abused the concept of national security with the sole aim to politicize economic and trade issues.”The spokesman said “The HKSAR Government will continue to monitor the developments closely and follow up. We will maintain our communication with the industry through various channels, review the situation, consider and take corresponding policies and actions to safeguard Hong Kong's trade interests and rights.”Since 23 March 2018, the US, allegedly for national security reasons, has imposed tariffs of 25% and 10% on steel and aluminium imports respectively on a global scale, including Hong Kong, and only certain economies are excluded.
The Hong Kong Special Administrative Region Government has welcomed the rulings by the panels established under the World Trade Organization's Dispute Settlement Body that the United States imposition of global tariffs on steel and aluminium imports is inconsistent with WTO rules. HKSAR spokesman said, "We welcome the rulings made by the panels of the WTO DSB. As a staunch supporter of the rules-based multilateral trading system, we strongly urge the US to fulfill its obligations as a WTO Member and withdraw the erroneous measures earliest possible. The panels' rulings clearly show that the US has abused the concept of national security with the sole aim to politicize economic and trade issues.”The spokesman said “The HKSAR Government will continue to monitor the developments closely and follow up. We will maintain our communication with the industry through various channels, review the situation, consider and take corresponding policies and actions to safeguard Hong Kong's trade interests and rights.”Since 23 March 2018, the US, allegedly for national security reasons, has imposed tariffs of 25% and 10% on steel and aluminium imports respectively on a global scale, including Hong Kong, and only certain economies are excluded.
