Donald Trump on Tuesday signed an executive order which ends the preferential economic treatment for Hong-Kong as China breaks down on the latter with the latest security law. “Hong Kong will now be treated the same as mainland China,” Mr. Trump announces. Hong Kong till date had enjoyed a unique set of freedoms which was not extended to China which made doing business with the latter country in a much easier manner. Donald Trump also signed a bipartisan legislation to impose sanctions on Chinese officials who took part in cracking down the new security law, to which, China quoted that they would take down their own set of retaliatory actions.
The legislation which outlines criticism of the Chinese government is seen as the most sweeping change to the political landscape of Hong-Kong since it was handed to China by U.K in 1997.
“No special privileges, no special economic treatment and no export of sensitive technologies,” Donald Trump announced. This is the first set of official report that the Trump administration made after threatening to pull back the special status from Hong-Kong amid changing political settings in May.
“This law gives my administration powerful new tools to hold responsible the individuals and the entities involved in extinguishing Hong Kong’s freedom,” Mr. Trump told the news conference.“We hold China fully responsible for concealing the virus and unleashing it upon the world,” the President further quipped.
Trump’s own administration is under attack for their response to the ongoing pandemic as the United States deals with 3.4 million cases, the highest by a larger margin in the entire world.
China’s foreign ministry condemned the latest U.S moves urging Washington to stop meddling into what Beijing believes is China’s internal affair. The Ministry further said that Chinese authorities would also impose retaliatory measures against American individuals and entities currently residing in China.
“China will make necessary responses to protect its legitimate interests,” the statement said.