U.S. Halts Some Hong Kong Trade Benefits Over China Law

  • Commerce Secretary Ross cites Beijing’s new security measures
  • U.S. and China are in conflict over coronavirus, other issues
Watch: The U.S.’s move to revoke Hong Kong’s special trading status is throwing the city’s future as Asia’s top financial and business hub into even greater doubt. (Source: Bloomberg)
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The Trump administration made it harder to export sensitive American technology to Hong Kong, escalating pressure on China as lawmakers in Beijing prepared to hand down a national security law that limits the former British colony’s autonomy.

The U.S. Commerce Secretary Wilbur Ross said in a statement Monday that the security legislation, which China’s top legislative body approved Tuesday, raised concerns about the transfer of key technology. The Commerce Department said it was suspending regulations allowing special treatment to Hong Kong over things including export license exceptions.