Home Current News US bars defense exports to Hong Kong, says new rules coming

US bars defense exports to Hong Kong, says new rules coming

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US bars defense exports to Hong Kong, says new rules comingThe Trump administration said Monday it will bar defense exports to Hong Kong and will soon require licenses for the sale of items to Hong Kong that have both civilian and military uses. Secretary of State Mike Pompeo announced the step as China moved ahead with imposing a new national security law for Hong Kong that many fear Beijng and the Chinese Communist Party will use to clamp down on dissent in the former British territory. The administration has warned for weeks that it would take action to end special U.S. trade and commercial preferences Hong Kong had enjoyed since reverting to Chinese rule in 1997.

Source: yahoo.com/news