Trump Moves To Strip Hong Kong Of Special Trading Status

By Mike LaSusa (July 14, 2020, 10:57 PM EDT) -- President Donald Trump announced Tuesday that he signed an executive order revoking Hong Kong's preferential trade status with the U.S., in addition to signing legislation aimed at bolstering sanctions against China amid persistent tensions between the two nations.

Trump said at a White House press conference that stripping Hong Kong of its special trading status means it will be treated "the same as mainland China: no special privileges, no special economic treatment, and no export of sensitive technologies."

The president framed the move as a blow against China, along with his signing Tuesday of the Hong Kong Autonomy Act, which calls...

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