FAMAGUSTA GAZETTE – Hong Kong’s Finance Minister Paul Chan praised a U.S. federal court ruling that blocked President Donald Trump’s sweeping tariffs, calling the decision a step toward economic reason.
The U.S. Court of International Trade ruled that Trump exceeded his authority by imposing broad tariffs under emergency powers, suspending the so-called “Liberation Day” tariffs announced in April.
The decision, which could be appealed, has sparked optimism in global markets, with Hong Kong’s Hang Seng Index rising on hopes of eased trade tensions.