Trump says he'll sanction China for Hong Kong crackdown
Strongly admonishing the Chinese government, President Trump announced Friday that the United States was “terminating” its relationship with the World Health Organization and threatened to revoke some of Hong Kong’s longtime financial benefits to sanction China for its crackdown on the semiautonomous territory.
The president suggested that the United States would alter or terminate preferences for Hong Kong on trade, visas, taxes and tariffs — all of which have been contingent on Beijing respecting Hong Kong’s autonomy in the years since it reclaimed the island territory from Britain in 1997. Those preferences are of great value to the government, businesses and investors on mainland China, which otherwise would not benefit from them.
Yet in stopping short of taking immediate harsh actions, he seemed to accept that those could devastate the enclave and damage hundreds of American-owned businesses there, and also ratchet up tensions with Beijing that could jeopardize the so-called Phase 1 trade deal the U.S. and China recently signed, as well as future trade talks.
“China has total control over the World Health Organization despite only paying $40 million per year compared to what the United States has been paying, which is approximately $450 million a year,” Trump said. “We have detailed the reforms that it must make and engaged with them directly, but they have refused to act.
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