U.S. Halts Some Hong Kong Trade Benefits Over China Security Law

The video discusses the impact of new security legislation on Hong Kong, highlighting the removal of its special trading status and the implications for its role as an international business hub. It covers the changes in US-Hong Kong trade relations, including the rollback of benefits and the imposition of tariffs. The video also addresses international reactions, such as sanctions and visa bans, and details Beijing's new security law, which targets acts of secession, subversion, terrorism, and collusion with foreign forces. Concerns about the law's broad application and its effect on dissent are also discussed.

What was one of the distinct advantages Hong Kong had over China as a business location?

• Better infrastructure

• More skilled workforce

• Export license exceptions

• Lower corporate taxes

What action did the U.S. Senate take in response to China's treatment of Hong Kong?

• Approved a bill to sanction businesses and individuals

• Increased tariffs on Chinese goods

• Imposed travel restrictions on all Chinese citizens

• Banned all trade with Hong Kong

What is the purpose of Beijing's new security law for Hong Kong according to Chinese officials?

• To promote economic growth

• To improve education

• To ensure stability

• To increase tourism

Which acts are punishable under the new security law in Hong Kong?

• Tax evasion and fraud

• Secession, subversion, terrorism, and collusion with foreign forces

• Illegal immigration and smuggling

• Cybercrime and hacking

What symbolic date is associated with the enactment of the new security law in Hong Kong?

• July 1st, the anniversary of Hong Kong's return to China

• June 4th, the anniversary of the Tiananmen Square protests

• October 1st, China's National Day

• December 25th, Christmas Day