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"Hong Kong does not support the use of sanctions. I note that the US has expressed willingness to continue discussion with the Chinese side. I remain hopeful that the issue could be satisfactorily resolved through consultations."
When asked about the Government's role in the matter, Miss Yue said: "This is primarily a bilateral trade issue between China and the US. Hong Kong does not have a direct role.
"However, we shall make an assessment of the possible impact on Hong Kong of the proposed US action against Chinese products. We shall convey the results to the US and Chinese Governments, emphasising our hope that Hong Kong's interest would be taken into account in any decisions they may take.
"The results of the impact assessment will also be passed to relevant trade associations and chambers of commerce in Hong Kong.
"Traders may wish to consider whether they wish to make any representations to the US Administration. Traders wishing to have further information are welcome to contact the Trade Department," Miss Yue said.
Yesterday, USTR published a US$3 billion preliminary retaliation list targeting Chinese exports to the US. If China fails to take action to satisfactorily implement the 1995 IPR Agreement, prohibited tariffs will be imposed on June 17 on approximately US$2 billion worth of products drawn from the list.
USTR also announced that it is seeking public comments on the proposed action, which can be submitted to USTR on or before June 14. Following a review of the cornments received, a final list of products will be selected and the amount of tariffs increases decided.
Last year, the US announced proposed sanctions against Chinese products under the Special 301 law, while continuing with discussions with the Chinese Government. China also announced a counter-retaliatory sanction list.
The two sides reached an agreement eventually and no US or China sanctions were implemented.
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