Trump administration is considering imposing sanctions against companies or officials from China as it seeks to increase its grip on the autonomous region of Hong Kong. Bloomberg news agency reports this on the basis of insiders. Such politics is fully in line with Trump style of solving political puzzles through deliberate sanctions. It is rude, but it work.
With a new national security law, the Asian country wants to make it possible to deploy Chinese security services in Hong Kong, among other things. The United States and other countries reacted angrily to the proposal. The new law would put an end to civil liberties in the city-state. Civil liberties in Hong Kong are greater than in China itself.
Hong Kong, formally known as Kong Special Administrative Region of the People’s Republic of China, was rented from China by United Kingdom and returned in 1997 after 156 years of British rule. As a result Hong Kong enjoyed Western-style governance and freedoms, developed a lively economics and banking systems. It doesn’t come to an end with reintroduction to People Republic of China, but PRC certainly tries to push for greater unification.
The U.S. Treasury may freeze accounts of Chinese dignitaries and companies in response to the controversial law. It is also possible to restrict transactions by Chinese parties. According to Bloomberg sources, discussions are now underway between various departments. A final decision on sanctions has not yet been taken.