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MORICI: Sanction Chinese banks for Beijing's repression in Hong Kong

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08.06.2020

A failure by President Trump to make Beijing pay dearly for squashing home rule in Hong Kong would prove correct Mao Tse-tung’s assertion that America is a paper tiger, spell the end of the Western Alliance as an effective bulwark for democracy and could inaugurate the Chinese Century.

When China took control of Hong Kong from the United Kingdom in 1997, it agreed to permit the city-state home rule and to continue its market economy for 50 years in exchange for recognition of Beijing’s sovereignty — the two systems, one country solution.

After months of demonstrations against Beijing’s attacks on Hong Kong’s political autonomy, the Chinese legislature is imposing a National-Security Law that effectively curtails free speech and other civil liberties and establishes that the Chinese Communist Party will make law in the city-state and generally suppress dissent. It will permit mainland China’s security agencies to police Hong Kong.

Secretary of State Pompeo declared the United States will no longer treat Hong Kong as an autonomous territory.

The United States may now impose the same tariffs on Hong Kong’s exports into the United States as it does mainland exports, but the United States enjoys a large........

© Edmonton Sun


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