Why the US Wants to Strip Hong Kong of its Special Trade Privileges

June 19, 2020 | BY

Vincent Chow

As an entrepôt for U.S.-China trade, Hong Kong is a gateway for PRC entities to access U.S. technology, something the Trump administration is keen to stop

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                                            U.S. President Donald Trump speaks as Mike Pompeo, U.S. secretary of state, left, listens during a news conference in the Rose Garden of the White House in Washington, D.C., U.S., on Friday, May 29, 2020. Photographer: Yuri Gripas/Abaca/Bloomberg

 

Amidst growing hostilities with China, the Trump administration has now set its sights on Hong Kong for its latest salvo of measures targeting Chinese access to U.S. technology. The city's famed status as an entrepôt for U.S.-China trade has finally caught up with it amid decoupling between the world's two largest economies in various areas including technology supply chains.