In Landmark Decision, Pompeo Tells Congress Hong Kong “No Longer Independent” From China
Tyler Durden
Wed, 05/27/2020 – 11:46
In what appears to be a preview of the at-this-point inevitable White House decision to strip Hong Kong of its preferred trading status over the new National Security law imposed by Beijing, Secretary of State Mike Pompeo tweeted on Wednesday that he has “reported to Congress that Hong Kong is no longer autonomous from China.”
Today, I reported to Congress that Hong Kong is no longer autonomous from China, given facts on the ground. The United States stands with the people of Hong Kong.
— Secretary Pompeo (@SecPompeo) May 27, 2020
The offshore yuan slid on the news, and stocks dipped.