Hong Kong Trade Development Council: US tariff policies affecting the global economy. Hong Kong traders and exporters are responding through diversified investment and exports.

The truce period for tariffs between China and the US has been extended. Zhang Shufen, Deputy Director of the Hong Kong Trade Development Council, stated that the US tariff policy has global implications. Hong Kong traders and exporters have responded quickly by diversifying their investments and exports to cope with the situation. The Trade Development Council has been monitoring market changes and is urging businesses to adjust their operations and investment strategies accordingly. Zhang Shufen mentioned that during the previous term of President Trump, tariffs were also imposed, and businesses have gained some experience in dealing with this. The Hong Kong government has introduced various measures to assist the industry in expanding into new markets such as the Middle East and Southeast Asia, which have shown effectiveness. Despite a slight decline in Hong Kong's exports to the US market over the past 7 years, overall export trade has grown. Zhang Shufen will assume the position of Director of the Hong Kong Trade Development Council in October. She feels honored by this appointment and will work with the government's export promotion strategy. Leveraging Hong Kong's inherent advantages as an international financial center, logistics hub, trade center, and exhibition center, she will facilitate bilateral trade. Not only will overseas companies be brought in, but local and mainland Chinese enterprises will also be assisted in expanding globally.