Economics

Trump Ends Hong Kong’s Special Status With U.S. to Punish China

  • Trump signs bill to sanction Chinese officials over Hong Kong
  • China vows to sanction U.S. officials, gives no other details
Watch: Trump says he issued an order to withdraw Hong Kong’s special status with the U.S. and signed legislation that would sanction Chinese officials responsible for cracking down on political dissent in the city.(Source: APTN/Bloomberg)
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Donald Trump ordered an end to Hong Kong’s special status with the U.S. and signed legislation that would sanction Chinese officials responsible for cracking down on political dissent in the city, drawing a rebuke from China and adding fresh uncertainty for businesses including banks in the financial hub.

“No administration has been tougher on China than this administration,” the U.S. president said Tuesday, announcing the two moves in the White House Rose Garden. Trump also said he had no plans to speak with President Xi Jinping, deviating from his pattern of criticizing Beijing while tempering it with warmth and respect for the Chinese leader.