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Wednesday, 15 July 2020 18:31

Hong Kong: China vows to retaliate after Trump ends special economic status

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photo : BBC

China has vowed to retaliate after the US ended Hong Kong's preferential trade status and imposed sanctions on officials who crack down on rights. President Donald Trump said he was acting because China had taken away Hong Kong's freedom after it imposed a new security law. Beijing condemned Mr Trump's decision, saying it would impose sanctions on relevant people and entities in the US. US-China ties have become increasingly strained over a wide range of issues. Apart from Beijing's actions in Hong Kong, Mr Trump has criticised China over its handling of the coronavirus pandemic as well as its military build-up in the South China Sea, its treatment of Muslim minorities and massive trade surpluses.

PresidentTrump's decision means the end of Hong Kong's special trade status with the US, agreed in 1984 when the territory was still a British colony. Hong Kong is expected to be treated the same as mainland China, meaning its goods could be subjected to additional tariffs. The controversial security law - which effectively outlaws criticism of China's government - is the most sweeping change to the political landscape of Hong Kong since the UK handed back sovereignty to Beijing in 1997. Trump also said he had signed the Hong Kong Autonomy Act, which passed unanimously in Congress earlier this month and penalises banks doing business with Chinese officials who implement the security law//BBC

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