lørdag 30. mai 2020

Trump’s plan to strip Hong Kong of its special status is light on detail, but economists still fear for city’s future

US President Donald Trump’s announcement on Friday that he plans to begin stripping Hong Kong of its special trading status left many important questions about the city’s future as a financial and commercial hub unanswered. Hong Kong officials played down the impact of Trump’s vow “to revoke Hong Kong’s preferential treatment as a separate customs and travel territory from the rest of China”, noting the city’s direct trade with the US is only a very small part of its economy.

While Trump said it would affect “the full range of agreements” the US had with Hong Kong “with few exceptions”, he did not set a timeline, nor did he announce specific details as to which economic privileges would be removed, leaving uncertainty over what the US would actually do.