Advertisement
Canada markets closed

  • S&P/TSX

    21,969.24
    +83.86 (+0.38%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CAD/USD

    0.7316
    -0.0007 (-0.09%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • Bitcoin CAD

    85,928.12
    -2,133.05 (-2.42%)
     

  • CMC Crypto 200

    1,306.01
    -90.52 (-6.48%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • RUSSELL 2000

    2,002.00
    +20.88 (+1.05%)
     

  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     

  • NASDAQ

    15,927.90
    +316.14 (+2.03%)
     

  • VOLATILITY

    15.03
    -0.34 (-2.21%)
     

  • FTSE

    8,139.83
    +60.97 (+0.75%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6838
    +0.0017 (+0.25%)
     

Trump tells administration to begin process of eliminating Hong Kong privileges

Reuters
Updated ·1 min read

WASHINGTON, May 29 (Reuters) - U.S. President Donald Trump said on Friday he was directing his administration to begin the process of eliminating special treatment for Hong Kong in response to China plans to impose new security legislation in the territory.

Trump made the announcement at a White House news conference, saying China had broken its word over Hong Kong's autonomy. He said its move against Hong Kong was a tragedy for the people of Hong Kong, China and the world.

Trump's move comes after China moved forward with plans to impose new national security legislation and Secretary of State Mike Pompeo said the territory no longer warrants special treatment under U.S. law that has enabled it to remain a global financial center. (Reporting by Steve Holland, Jeff Mason and David Brunnstrom, Editing by Franklin Paul)