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China Signals US Could Restore Preferential Trade Privileges for Hong Kong
The move could restore Hong Kong’s special trading status after U.S.-China talks and follows Treasury action that delisted some sanctioned officials.
- On Friday, China confirmed the United States allowed its Executive Order on Hong Kong to expire, ending the 2020 order that revoked the city's special trading status.
- President Donald Trump signed the order in July 2020 after Beijing imposed a national security law, arguing Hong Kong lacked sufficient autonomy to justify separate treatment from mainland China.
- The Treasury Department stated Friday that the national emergency expired, delisting some sanctioned individuals; however, Hong Kong leader John Lee and predecessor Carrie Lam remain sanctioned under a different act.
- Beijing welcomed the move as a "positive shift in the U.S. policy," with the Commerce Ministry noting the decision aligns with understandings reached during recent bilateral trade talks.
- The reversal could warm ties ahead of Jinping's expected visit to the United States later this year, marking a step in fulfilling consensus reached during trade negotiations in Madrid.
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30 Articles
Coverage Details
Total News Sources30
Leaning Left12Leaning Right6Center10Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 36%
R 21%
Factuality
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