U.S. considering suspending Hong Kong's special tariff rates-sources
- Country:
- United States
The Trump administration is considering suspending Hong Kong's preferential tariffs rates for exports to the United States as part of its response to China's plan to impose national security laws on the former British colony, people familiar with the matter said on Wednesday.
Such a move, following U.S. Secretary of State Mike Pompeo's declaration that Hong Kong was no longer autonomous enough from China to merit special trade treatment, could put Hong Kong's goods under the same tariffs that President Donald Trump has slapped on exports from the Chinese mainland, the sources said. (Reporting By Matt Spetalnick, Editing by Franklin Paul)
ALSO READ
-
Prospects of a New Summit: South Korean Optimism Amid Uncertainty
-
Nomination Turbulence: White House Withdraws Jeffrey Anderson for ICAO Post
-
Potential EU Partnerships Stir International Debate
-
Trump's Rate War with the Fed: A High-Stakes Economic Drama
-
Trump's Bold Move: Meeting with Venezuela's Interim Leader
Google News