U.S. Ends Pacts With Hong Kong on Extradition, Shipping Tax
- China urges Trump administration to cease such ‘wrong moves’
- Hong Kong stocks see their biggest loss in almost two weeks
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The U.S. suspended its extradition treaty with Hong Kong and ended reciprocal tax treatment on shipping with the former British colony, the latest salvo in escalating tensions between Washington and Beijing.
The moves are part of the Trump administration’s efforts to pressure China over the imposition of a national security law that has led to charges against more than 20 pro-democracy activists. They follow up on an executive order to end preferential trading treatment for the city, which President Donald Trump and his team say was now essentially just another Chinese city.