U.S. businesses awake to 'sad day' in Hong Kong as Trump moves to squeeze economic ties
2020-05-30 09:37:10 source：Reuters
May 30, 2020
HONG KONG (Reuters) - The American Chamber of Commerce in Hong Kong said on Saturday it was a sad day for the global financial centre, hours after U.S. President Donald Trump moved toward stripping the city of its special treatment in a bid to punish China.
In some of his toughest rhetoric yet, Trump said Beijing had broken its word over Hong Kong’s high degree of autonomy by proposing new national security legislation and the territory no longer warranted U.S. economic privileges.
“We will take action to revoke Hong Kong’s preferential treatment as a separate customs and travel territory from the rest of China,” Trump said, adding that Washington would also impose sanctions on individuals seen as responsible for “smothering - absolutely smothering - Hong Kong’s freedom.”
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