Posted on 06/30/2020 8:39:24 AM PDT by SeekAndFind
The Trump administration announced on Monday that it is revoking Hong Kong’s special trading status and stopping its defense equipment exports to Hong Kong, in order to protect U.S. national security amid the passing of Beijing’s national security law for Hong Kong.
“With the Chinese Communist Party’s imposition of new security measures on Hong Kong, the risk that sensitive U.S. technology will be diverted to the People’s Liberation Army or Ministry of State Security has increased, all while undermining the territory’s autonomy. Those are risks U.S.A refuses to accept and have resulted in the revocation of Hong Kong’s special status,” Secretary of Commerce Wilbur Ross said in a statement.
“Commerce Department regulations affording preferential treatment to Hong Kong over China, including the availability of export license exceptions, are suspended. Further actions to eliminate differential treatment are also being evaluated.
“We urge Beijing to immediately reverse course and fulfill the promises it has made to the people of Hong Kong and the world,” he added.
The United States previously treated Hong Kong as a separate entity from mainland China in the areas of trade, investment, and immigration. This has meant that current U.S. tariffs on billions of dollars worth of Chinese goods have not applied to Hong Kong.
President Donald Trump had warned of the move to revoke Hong Kong’s special status in late May as the Chinese Communist Party (CCP) moved to draft its so-called national security law. At the time, Trump also said that U.S. travel advisories would be updated “to reflect the increased danger of surveillance and punishment by the Chinese state security apparatus” following the national security law’s approval.
The administration will also “take necessary steps” to sanction Chinese and Hong Kong officials “directly or indirectly involved in eroding Hong Kong’s autonomy,” Trump said at the time.
(Excerpt) Read more at theepochtimes.com ...
"Secretary of State Mike Pompeo announced in a statement on Monday that in addition to stopping exports of U.S.-origin defense equipment to Hong Kong, the administration will also take steps to impose similar restrictions on Hong Kong as it does for China on U.S. defense and dual-use technologies."
WHY THE HECK ARE WE EXPORTING DEFENSE AND DUAL-USE TECHNOLOGIES TO CHINA ??!!
which idiotic administration started this and why hasn't it been stopped?
The answer is simple
Money.
At the absolute latest, as soon as the UK finished their lease in 1997 any defense exports to HK should’ve ceased.
I know the Clintons, Bushies and Obama would never deal with this but WTF did it take this administration nearly 3.5 years to deal with this?
Well, PDJT was just sitting back drinking beer all that time. Nothing else to do.
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