In the past week, however, the pressure from the United States has taken a more serious turn in response to a proposed Chinese security law that threatens the long-standing independence of Hong Kong. The law, formally approved Thursday by China's People's Congress, is expected to criminalize most forms of political protest under blanket bans on "sedition" and "subversion.
The shift in Hong Kong's status immediately jeopardizes the former British colony's favorable trade relationship with the United States, which has so far meant that Hong Kong has been spared punishing tariffs that are a hallmark of Trump's trade war with Beijing. Trump has been reluctant to take action on China that could tip the strained bilateral relationship into an outright confrontation. As president, Trump is acutely aware of the United States' interdependence with China as a market for American exports and a supplier of manufactured goods. He also still believes that his phase one trade deal, signed in January, can and will be seen as one of the high points of his presidency, fulfilling a key campaign promise he made in 2016.
Despite the bill's veto-proof majority in both chambers, Trump has yet to indicate whether he will sign it, another subject that could come up at Friday's news conference. There are other factors Trump is reportedly weighing with regard to China, which are bigger than any one policy position. One is the rising anti-China public sentiment in the United States.
Let's keep wild and crazy 2020 going. Let's cut China off completely
'Beijing, in turn, has suggested the virus originated in U.S. service members' No official media ever said that. But Donald Trump and Mike Pompeo said 'There are solid evidence that it origined in Wuhan lab', but showed nothing. Now accusing China for the thing you did, uh?
Trump is nobody. A joke. Wall st still thinks he is better for stocks? This amazes me.
Fuck Beijing
Keep permabear Ron off the air.
So easy to score in this market. Trump says 'China,' DOW sinks, buy literally anything, sell it for +20% next week. This is the reality of the commission-free, cellphone-based marketplace.
'The long independence of Hong Kong' Do you have any common sense that it's part of China?
We've seen this before, time for an diversion
Cautious? How in the hell is a bull in a China shop cautious?
no..... Chinese push for HK law ends UN 1997 treaty....
Trump will blame China on Minnesota riots too?
Xi and Trump have a lot in common.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: USATODAY - 🏆 100. / 63 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: WSJ - 🏆 98. / 63 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »