Trump moves to strip Hong Kong of its special treatment to punish China

More than 1,300 US companies have offices in Hong Kong and provide about 100,000 jobs. In the past decade, the US' trade surplus with Hong Kong has been the biggest among all its trading partners

The American Chamber of Commerce in Hong Kong said on Saturday it was a sad day for the global financial centre, hours after the United States President Donald Trump on Friday announced a slew of measures against China, including the decision to suspend entry of certain Chinese nationals to American universities, while attacking Beijing for snatching Hong Kong's freedom and the Asian country's coronavirus response.

The US President moved towards stripping the city of its special treatment in a bid to punish China, news agency Reuters reported.

More than 1,300 US companies have offices in Hong Kong and provide