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Trump ends Hong Kong's special status with US to punish China

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Print articleLog in&nbsp;or&nbsp;&nbsp;to save articleWashington | President Donald Trump said he issued an order to end Hong Kong's special status with the US and signed legislation that would sanction Chinese officials responsible for cracking down on political dissent in Hong Kong, the latest escalation in tensions between the world's largest economies."No administration has been tougher on China than this administration," Trump said Tuesday (Wednesday AEST) at the White House.Trump approved the measure on Tuesday after spending weeks blaming Beijing for the coronavirus pandemic and criticising its handling of Hong Kong. The President has faced widespread criticism over his response to the virus, with cases once again surging as businesses reopen.The bipartisan legislation comes in response to the Chinese government's new national security law for the former British colony, which critics say is aimed at quashing political protests and stifling dissent. People found guilty under the law could, in some cases, face life imprisonment.The legislation would penalise banks doing business with Chinese officials involved in the national security law the country is seeking to impose on Hong Kong.AdvertisementIt's the latest in a series of efforts designed to pressure China amid tensions over the spread of the coronavirus, implementation of a trade pact finalised earlier this year, and efforts to tighten control over Hong Kong.The legislation would require the State Department to report to Congress every year about officials who seek to undermine the "one country, two systems" model that applies to the special administrative region. It also gives the President the power to seize the assets of and block entry to the US for those individuals.Under the legislation, banks are granted a kind of year-long grace period to stop doing business with entities and individuals the State Department determines to be "primary offenders" when it comes to undermining Hong Kong's autonomy.After that period, the Treasury Department can impose a variety of penalties on those institutions, including barring top executives from entering the US and restricting the ability to engage in US dollar-denominated transactions, according to Pat Toomey, a Pennsylvania Republican who co-sponsored the legislation.AdvertisementTrump announced last month that he would end preferential treatment for Hong Kong, and signed legislation aimed at punishing Chinese officials for oppression of Uighurs and members of other Muslim minority groups.The tougher stance toward Beijing represents a pivot for Trump, who largely avoided human rights-related interventions as he was negotiating the first phase of his trade deal.On Monday, the US President said the deal was still "intact" because China was purchasing the promised agricultural products. But Trump also expressed frustration with the country over the spread of the coronavirus, which originated in Wuhan."What they did to the world should not be forgotten," Trump said.BloombergLog in&nbsp;or&nbsp;&nbsp;to save articleFollow the topics, people and companies that matter to you.AdvertisementFetching latest articles

Print articleLog in&nbsp;or&nbsp;&nbsp;to save articleWashington | President Donald Trump said he issued an order to end Hong Kong's special status with the US and signed legislation that would sanction Chinese officials responsible for cracking down on political dissent in Hong Kong, the latest escalation in tensions between the world's largest economies."No administration has been tougher on China than this administration," Trump said Tuesday (Wednesday AEST) at the White House.Trump approved the measure on Tuesday after spending weeks blaming Beijing for the coronavirus pandemic and...

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Jordan Fabian

For 70 years, The Australian Financial Review has been the authority on business, finance and political news in Australia.

Trump ends Hong Kong's special status with US to punish China

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