Hong Kong's leader accused the United States on Tuesday of applying "double standards" in its response to violent protests as she warned Washington's plan to place trade restrictions on the financial hub would "only hurt themselves". Semi-autonomous Hong Kong has been rocked by months of huge and often violent pro-democracy protests over the past year, which riot police have stamped out with more than 9,000 arrests. Washington has been critical of Hong Kong's response to the demonstrations with US President Donald Trump last week vowing to end the city's special trading status after Beijing announced plans to impose a sweeping national security law on the business hub.
The United States is considering the option of welcoming people from Hong Kong in response to China's push to impose national security legislation in the former British colony, U.S. Secretary of State Mike Pompeo said in remarks released on Monday. Speaking to the American Enterprise Institute on Friday, Pompeo gave no details about immigration quotas or visas, and merely said: "We are taking a look at it." President Donald Trump on Friday ordered his administration to begin the process of eliminating special U.S. treatment for Hong Kong to punish China, but stopped short of immediately ending privileges that have helped the territory remain a global financial center.
(Bloomberg) -- U.S. stocks edged higher as investors focused on signs of economic recovery amid further tension with China, lackluster virus drug-test results and the threat of further civil unrest in America. Treasury yields edged higher and the dollar slumped.The S&P 500 Index eked out a small gain
(Bloomberg) -- Chinese government officials told major state-run agricultural companies to pause purchases of some American farm goods including soybeans as Beijing evaluates the ongoing escalation of tensions with the U.S. over Hong Kong, according to people familiar with the situation.State-owned traders
China has told state-owned firms to halt purchases of soybeans and pork from the United States, two people familiar with the matter said, after Washington said it would eliminate special treatment for Hong Kong to punish Beijing. Large volume state purchases of U.S. corn and cotton have also been put