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IPFS News Link • Trump Administration

Trump Punishes China by Hurting Hong Kong

• by Jacob G. Hornberger

Why, that sure makes a lot of sense, right! What better way to sympathize with people than to enact retaliatory measures against them?

Reacting to China's new "national-security law" over Hong Kong, Trump says that he intends to strip Hong Kong of the special privileged relationship that it has long had with the United States.

According to the New York Times,

Under the special status, the U.S. dollar can be freely exchanged with the Hong Kong dollar, which makes the city a particularly attractive place for American companies to do business. Hong Kong gets preferential treatment on trade, meaning little to no tariffs or other costs. Americans enjoy visa-free travel, making it easy for business executives to come and go.