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White House press conference: US strips Hong Kong of preferential status

WATCH: White House press secretary Psaki holds news conference

Donald Trump signed a decree to strip Hong Kong of preferential status, as well as to impose financial sanctions against Chinese officials involved in the repression of Hong Kong residents

President Donald Trump said on Tuesday that he had signed a decree holding China accountable for the national security law imposed by the PRC authorities on Hong Kong. Trump announced this during a press conference that took place on Tuesday evening in the White House Rose Garden..

President announced the end of the preferential treatment for Hong Kong.White House press conference: US strips Hong Kong of preferential status This is how the United States punishes Beijing for its crackdown on Hong Kong residents, Donald Trump said.

“From now on, [the US] will treat Hong Kong the same way it treats mainland China: no special privileges, no special economic regime, and no export of strategically important technologies,” the president said, expressing regret that Beijing took away their freedoms from Hong Kong residents. and rights.

“And with that Hong Kong disappears, in my opinion, because it can no longer compete with free markets..White House press conference: US strips Hong Kong of preferential status Many people will leave Hong Kong, ”the president predicted.

Trump also said he signed a law approved by the U.S. Congress to punish financial institutions serving Chinese officials involved in the creation and implementation of the new Chinese national security law in Hong Kong..

During the press conference, the president also accused Beijing of inaction and attempts to hide information about the initial outbreak of coronavirus, which ultimately, according to Trump, led to the global COVID-19 pandemic and the death of many people around the world..

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