China | In response to the Hong Kong national security law, the U.S. plans to take away the territory’s trade preferences
by June Cheng
Posted 6/04/20, 09:21 am
When Hong Kong’s democracy protesters waved American flags last November to thank the U.S. government for passing the Hong Kong Human Rights and Democracy Act, they knew the bill was a double-edged sword: It requires the United States to assess annually whether Hong Kong has enough autonomy to continue receiving preferential trade benefits. This punishes China for encroaching on Hong Kong and breaking its promise to give the territory a “high degree of autonomy” for 50 years.