EXPLAINER: President Donald Trump signs Hong Kong bills; Beijing vows retaliation: Now what?
congressional bills that back protesters in Hong Kong and threaten China with possible sanctions on human rights, prompting China's Foreign Ministry on Thursday to warn of"firm counter measures".
The “Hong Kong Human Rights and Democracy Act,” which the Senate and House passed last week, puts the special treatment Hong Kong enjoys under U.S. law under tighter scrutiny linked to the extent of the territory’s autonomy from Beijing. Officials responsible for human rights violations in Hong Kong could also be subject to sanctions, including visa bans and asset freezes.
The legislation comes at a time when Beijing and Washington are inching toward a “phase one” agreement to begin to defuse a bruising trade war that Trump has made a top priority. If Hong Kong becomes just another Chinese port, this could hurt not just the city and China, but U.S. businesses too, and companies that rely on the territory’s role as a middleman, or for trans-shipping, would likely take their business elsewhere.From a business perspective, one of the most important elements of Hong Kong’s special status has been that it is considered a separate customs and trading zone from China.According to the State Department, 85,000 U.S.
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