Hong Kong's economy grew by 3.1 percent in the first quarter of the year, the city's government said Friday, though it warned US tariffs had heightened "downside risks" in the global economy.

US President Donald Trump's stinging tariffs of 145 percent on many Chinese products came into force last month.

Beijing has responded with fresh 125 percent levies on American imports.

Hong Kong, a special administrative region in China with its own trade policies, has not followed Beijing's lead in imposing retaliatory........

© International Business Times