U.S. President Donald Trump attends a news conference in the Rose Garden at the White House in Washington, U.S., July 14, 2020. Jonathan Ernst, Reuters
CNBC: China vows retaliation after Trump slaps sanctions on it for interference in Hong Kong
* President Donald Trump said he signed legislation to impose sanctions on China in response to its interference with Hong Kong’s autonomy.
* Trump also said that he signed an executive order ending the preferential treatment that Hong Kong has long enjoyed.
* China’s foreign ministry said Beijing will impose retaliatory sanctions against U.S. individuals and entities in response to the law targeting banks.
President Donald Trump said Tuesday that he signed legislation to impose sanctions on China in response to its interference with Hong Kong’s autonomy.
Trump also said that he signed an executive order ending the preferential treatment that Hong Kong has long enjoyed.
“Hong Kong will now be treated the same as mainland China,” Trump said during a lengthy speech in the White House Rose Garden that quickly drifted away from that legislation to touch on a variety of campaign issues.
“No special privileges, no special economic treatment and no export of sensitive technologies. In addition to that, as you know, we are placing massive tariffs and have placed very large tariffs on China.”
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Update: China promises sanctions for US ending of Hong Kong preferential status (SCMP).
WNU Editor: Ending Hong Kong's preferential treatment by the US is going to have long term consequences for Hong Kong and for China's interest in the territory. I think Beijing never expected this response from the White House, and they are only now starting to appreciate what this will mean. Their issuing of threats against the U.S. also smacks to me of behaving emotionally rather than strategically.
2 comments:
Would Jeb Bush have dine this?
If he had, would he have done it so soon?
I think he might have withdrawn MFN status, due to it being an election year. But I have my doubts since George invited China into the WTO.
I can see Joe Biden mumbling a lot, but essentially waiting it out until it blows over.
Hunter Biden lives in Hollywood Hills with all the A list Hollywood celebrities. he can afford a mention in Tinsel Town, but cannot show his finances to the court to support his baby mama. Show us the Chinese $$$ Hunter!
Local radio hosts have a very important artifact recovered from an archaeological dig. It is more important than Indiana Jones's Ark of the Covenant. It is more useful than the Rosetta Stone.
It is the Joesetta Stone.
Word on the street is that both Putin and XI have sent agents to recover the Joesetta Stone. It is useful for foreign policy purposes like summits.
Hunter Biden owns massive home in swanky Hollywood Hills, court docs reveal
SWANKY!
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