Pompeo says Hong Kong is no longer autonomous from China, raising potential consequences for trade
Secretary of State Mike Pompeo notified Congress on Wednesday that Hong Kong no longer should be considered autonomous, a declaration that could have far-reaching ramifications in its trading relationship with the United States.
“No reasonable person can assert today that Hong Kong maintains a high degree of autonomy from China, given facts on the ground,” Pompeo said.“Hong Kong and its dynamic, enterprising, and free people have flourished for decades as a bastion of liberty, and this decision gives me no pleasure,” he added. “But sound policy making requires a recognition of reality.
Pompeo’s statement essentially says it is no longer necessary to treat Hong Kong as separate because of the encroachment of Beijing. That threatens Hong Kong’s special status that has given it a favorable trading relationship with the United States. Trade between the two exceeded $66 billion in 2018, and Hong Kong has been exempted from tariffs that the Trump administration imposed on China.
“If Beijing is unlikely to shift the trajectory, what do we get for putting Hong Kong’s economic future at risk? And that’s unclear. We’ve got to take action, make a public stand against encroachment by Beijing. The implications are profound, but it’s uncertain what specific actions the U.S. will take.”President Trump said Tuesday that the administration was working on a response, and it should be unveiled this week.
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