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Trump announces that the U.S. will revoke Hong Kong’s trade privileges in the face of tensions with China

May 29, 2020

The President of the United States, Donald Trump, announced on Friday that Washington would take the necessary measures to revoke Hong Kong’s trade privileges in the face of recent tensions with China over the region’s security law, which has been heavily criticized by its government. .

In a White House press conference, Trump emphasized that US action “will be tough and meaningful.” After citing a number of “complaints” from the Asian giant to Washington, the president also said he would scrutinize listed Chinese companies to “limit US investment in Chinese companies.”

“They broke their word with the world that they would guarantee Hong Kong’s autonomy,” said Trump, referring to a Beijing-imposed regulation that has sparked new protests in the former British colony in recent days.

Trump announces that the U.S. will revoke Hong Kong’s trade privileges in the face of tensions with ChinaTrump announces that the U.S. will revoke Hong Kong’s trade privileges in the face of tensions with China

With this in mind, it has indicated that it has ordered its administration to initiate the process of withdrawing the exemptions Hong Kong was subjected to due to its special status. “This will affect all of the agreements we have with Hong Kong,” he said.