China on Wednesday promised to retaliate against “U.S. institutions and individuals” after President Donald Trump signed legislation and an executive order sanctioning Beijing for imposing a sweeping new national security law on Hong Kong.
Trump on Tuesday signed the Hong Kong Autonomy Act, which approves sanctions on Chinese officials and banks, as well as an executive order ending Hong Kong’s preferential trade treatment.
According to the US President, Hong Kong will now be treated the same as mainland China, “No special privileges, no special economic treatment and no export of sensitive technologies.
China’s foreign ministry condemned the move, saying Beijing would protect “its legitimate interests” by imposing sanctions “against related U.S. institutions and individuals.”