US President Donald Trump’s decision to impose 10 percent tariffs on imported goods from all countries highlights Hong Kong’s advantage as a safe haven for global capital, Secretary for Financial Services and the Treasury Christopher Hui Ching-yu said on Saturday.

Speaking to members of the press after attending a radio program, Hui said that Hong Kong retained an advantage by providing stability and predictability for global investors with its policies.

“If you look at what Hong Kong as it is, one of our advantages is the certainty in terms of how we regulate the market and the overall stability of our overall environment. And this fiasco, I think basically highlights the importance of Hong Kong in this area,” Hui said.

“We'll continue to see Hong Kong as a very strong and also very safe haven for global investors and global corporates to invest and to station here.”

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Trump signed an executive order on Friday imposing 10 percent tariffs on foreign goods after the US Supreme Court struck down many of the levies he imposed last year.