A new U.S. law requires the State Department to certify at least annually that Hong Kong, which experienced widespread protests last year over China’s extradition plans, retains enough autonomy to justify favorable U.S. trading terms. President Donald Trump warned on Thursday that Washington could react “very strongly” to China’s new restrictions. Here is a look at some of the consequences of a change in that status.
søndag 24. mai 2020
Explainer: How ending Hong Kong's 'special status' could affect U.S. companies
New Chinese national security restrictions imposed on Hong Kong could draw a U.S. revocation of the former British colony’s “special status” under U.S. law, a move that would have far-reaching trade and investment implications. U.S. businesses oppose any change in Washington’s recognition of Hong Kong as a sufficiently autonomous city, where major U.S. companies enjoy access to China and Southeast Asia, and where bilateral trade flourishes across various parts of the economy, from wine to financial services.
A new U.S. law requires the State Department to certify at least annually that Hong Kong, which experienced widespread protests last year over China’s extradition plans, retains enough autonomy to justify favorable U.S. trading terms. President Donald Trump warned on Thursday that Washington could react “very strongly” to China’s new restrictions. Here is a look at some of the consequences of a change in that status.
A new U.S. law requires the State Department to certify at least annually that Hong Kong, which experienced widespread protests last year over China’s extradition plans, retains enough autonomy to justify favorable U.S. trading terms. President Donald Trump warned on Thursday that Washington could react “very strongly” to China’s new restrictions. Here is a look at some of the consequences of a change in that status.
