Business Standard

US weighs options to 'punish' China over Hong Kong; sanctions likely

Among the likeliest early steps could be sanctions against Chinese officials, govt and companies involved in enforcing the proposed legislation, which has triggered street protests in Hong Kong

President Donald Trump speaks during a coronavirus task force briefing at the White House. Photo: PTI
Premium

Internal US deliberations, unfolding amid increased US-China tensions over the coronavirus pandemic, are continuing and final decisions have yet to be made, the sources said on condition of anonymity.

Reuters Washington
The Trump administration is crafting a range of options to punish China over its tightening grip on Hong Kong, including targeted sanctions, new tariffs and further restrictions on Chinese companies, according to US officials and people familiar with the discussions.

Such moves could mark the opening salvoes of the US response as President Donald Trump weighs how far he is prepared to go after the State Department's assessment on Wednesday that Hong Kong is no longer autonomous enough from Beijing to deserve special treatment under US law that helped make it a global financial hub.

Internal US deliberations, unfolding amid

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in