Politics
Here Are Trump’s Options to Hit Hong Kong, From Tariffs to China’s Banks
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If the markets are any judge, U.S. President Donald Trump’s vow of “meaningful” action to strip some of Hong Kong’s trade privileges has so far proved underwhelming.
Trump’s announcement in the White House’s Rose Garden on Friday didn’t provide any details or timeframe for what would come next, only that it would cover the full range of agreements between the U.S. and Hong Kong with “few exceptions.” U.S. stocks on Friday erased losses and traded little changed, with the S&P 500 Index rising 0.5% at the close in New York. Hong Kong’s Hang Seng Index on Monday saw gains of more than 3%, led by the finance sector.