U.S. Says Hong Kong's China Autonomy Is Gone, Sowing Trade Doubt

[demmiblue]

Source: Bloomberg

The U.S. has certified that Hong Kong is no longer politically autonomous from China, a move that could have far-reaching consequences on the special trading status the former British colony has with the U.S., Secretary of State Michael Pompeo said.

“Hong Kong does not continue to warrant treatment under United States laws in the same manner as U.S. laws were applied to Hong Kong before July 1997,” Pompeo said in a statement. “No reasonable person can assert today that Hong Kong maintains a high degree of autonomy from China, given facts on the ground.”

The move on Wednesday was taken under the Hong Kong Human Rights and Democracy Act that President Donald Trump signed last year. It comes as China’s National People’s Congress is preparing to pass a national security law curtailing the rights and freedoms of Hong Kong citizens.

Pompeo’s decision opens the door for a range of options, from visa restrictions and asset freezes for top officials to possibly imposing tariffs on goods coming from the former colony. Other measures could include visa restrictions for Chinese Communist Party officials.

Read more: https://www.bloomberg.com/news/articles/2020-05-27/pompeo-finds-hong-kong-is-no-longer-autonomous-from-china-kapiu0a2?sref=eN0VlxpF&utm_medium=social&utm_content=business&utm_source=twitter&utm_campaign=socialflow-organic&cmpid=socialflow-twitter-bus

[still_one]

1. The U.S. under trump has very little to talk about, especially with his rhetoric how

he will close social media down or highly regulate them for fact checking his tweets. How the republicans are trying to disenfranchise millions by trying to eliminate vote by mail, his nefarious use of the Department of Justice, and hundreds of other things how he has whittled down Civil Rights, Workers Rights, Women's Rights, etc. etc. etc.

[dalton99a]

2. +1. We have a stupid piece of trash who is in total control of our government and killing our people

[still_one]

3. Pot calling the kettle black

[progree]

4. If Obama had acknowledged H.K. wasn't autonomous, he would be called a "surrender monkey"

and Neville Obama and worse, giving away the FREEDOM-loving entrepreneurial Hong Kong people to his "buddies", the COMMUNIST Behemoth.

[JonLP24]

5. K&R