US removes special status for HK

US removes special status for HK

The US government has taken the decision to remove the special trade status given to Hong Kong after the Chinese government enacted new security laws to draw Hong Kong further under its influence. This move from the Chinese is seen by the US as a termination of Hong Kong’s autonomy from mainland China and as such the special region should no longer receive special treatment internationally.  Despite the revival of protests on the island markets, for now have remained unaffected.