A Harried Hong Kong Make for Import/Export Uncertainty

hong kong import export uncertainty

On July 14, 2020, President Trump issued an executive order (EO) that stripped Hong Kong of its different and preferential treatment from mainland Peopleā€™s Republic of China (PRC or China). In accordance with the 1984 Sino-British Joint Declaration, the city of Hong Kongā€™s sovereignty was handed over to mainland China from the U.K. in 1997, but as an autonomous city with a largely separate legal and economic system from mainland China.