The United States announced the cancellation of Hong Kong’s special treatment! What impacts will it have? Attach details

As the epidemic changes, new problems have also emerged in Sino-US relations. The latest news is that the United States has announced the cancellation of Hong Kong’s special treatment. What impacts will it have? Will Hong Kong's import and export trade be affected by fluctuations?

The United States announced the cancellation of Hong Kong's special treatment

The official website of the U.S. Department of Commerce issued a statement on the 29th local time saying that it has canceled special treatment for Hong Kong, including suspending export license exemptions, and is conducting a differential treatment assessment. Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor responded on the 30th that the impact on Hong Kong was very small. "I believe the country will also take countermeasures when necessary. If the countermeasures proposed by the central government at the diplomatic level require the cooperation of the Hong Kong Special Administrative Region government, we will definitely cooperate fully."

On the 29th local time, US Secretary of State Pompeo announced that the export of controlled defense equipment to Hong Kong would be stopped from that day on. For related technologies that can be used for both military and civilian purposes, the United States will require an application for a license before exporting them to Hong Kong.

Hong Kong's response

Regarding the latest US sanctions, Carrie Lam said when meeting with reporters before the Executive Council on the 30th that the United States obtains a trade surplus of US$30 billion from Hong Kong every year. Now it only requires that military and dual-use products be exported before applying for an export license, which does not mean that exports are not allowed. "Many of our industries that use these products may have alternatives, and the impact on Hong Kong will be very, very small." "Any sanctions will not scare us, and we are mentally prepared." Carrie Lam said.

The following content is compiled from Zhihu

In the short term, the United States will certainly want to use this opportunity to stir up trouble again. Although the scale and degree of unrest in Hong Kong have eased recently, this is the last attempt by Hong Kong's internal troublemakers and the United States to interfere in Hong Kong. The resonance of the two will inevitably lead to an action. However, the development of the current epidemic in the United States and the Floyd incident have not only weakened his actual interference capabilities, but also made him lose the moral high ground. China will inevitably use the National Security Law to make an example of someone who has done something wrong, so this is a contest of national wills on both sides of the ocean. There will inevitably be economic fluctuations in the short term. The US move is also hitting the mainland's economy, so the short-term impact will inevitably be strong.

In the long run, the national security law must be enacted, national security loopholes must be plugged, and all obstacles must be removed and all enemies defeated on the road to the rejuvenation of the Chinese nation. It is very likely that China and the United States will attack Hong Kong together in the short term. In the short and medium term, when Hong Kong has some self-awakening but is not yet hopeless, the mainland will inevitably lend a helping hand and push Hong Kong to move closer to the mainland. However, the long-term effects and whether Hong Kong can restore its former vitality and "glory" will depend on how Hong Kong people at all levels understand and grasp the future situation, as well as the promotion of the interests of all parties.

The continued development of Sino-US relations will involve Hong Kong, but it is an indisputable fact that Hong Kong has belonged to China since ancient times. We also hope that both sides can find a peaceful way to resolve it.