https://www.telegraph.co.uk/business/2019/11/21/us-china-conflict-reaches-fever-pitch-trump-prepares-sign-hong/
Congress passes bill that will remove special status if ‘one nation, two systems’ model is overthrown
The US diplomatic gun is locked and loaded. Both houses of Congress have passed the Hong Kong Human Rights and Democracy Act by a veto-proof majority.
The bill sets in motion a legal process that would – if later triggered – lead to Hong Kong losing its special status under US law and its recognition as an independent member of the World Trade Organisation.
The enclave would be treated like any other Chinese city, posing an existential threat to its business model as a global financial and trading hub. The American Chamber of Commerce in Hong Kong said it feared “unintended, counterproductive” consequences that could spin out on control.
President Donald Trump is expected to sign it by the end of the week. He has little choice even if this complicates his quest for a skinny ‘Phase One’ trade deal with China before Christmas.
“I don’t think Trump wants the bill because he has never shown any interest in human rights and it is happening at a very difficult moment, but he’ll have to accept it,” said William Reinsch, ex-chief of the US National Foreign Trade Council.