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To: Sun Tzu who wrote (85103)	5/24/2020 9:58:18 PM
From: Sam	2 Recommendations Recommended By Return to Sender Sr K Read Replies (1) \| Respond to of 95406

China will likely face U.S. sanctions over Hong Kong national security law, White House says PUBLISHED SUN, MAY 24 2020 12:21 PM EDT UPDATED SUN, MAY 24 20203:43 PM EDT Jasmine Kim KEY POINTS The draft legislation represents a takeover of Hong Kong, White House National Security Advisor Robert O’Brien said. As a consequence U.S. Secretary of State Mike Pompeo would likely be unable to certify that the city maintains a “high degree” of autonomy. This would result in the imposition of sanctions against China under the Hong Kong Human Rights and Democracy Act of 2019, O’Brien said. The U.S. government will likely impose sanctions on China if Beijing implements national security law that would give it greater control over autonomous Hong Kong, White House National Security Advisor Robert O’Brien said Sunday. The draft legislation represents a takeover of Hong Kong, O’Brien said, and as a consequence U.S. Secretary of State Mike Pompeo would likely be unable to certify that the city maintains a “high degree” of autonomy. This would result in the imposition of sanctions against China under the Hong Kong Human Rights and Democracy Act of 2019, O’Brien said. Pompeo has already called the proposal a “death knell” for Hong Kong’s autonomy. O’Brien warned that Hong Kong could lose its status as a major hub for global finance. “It’s hard to see how Hong Kong could remain the Asian financial center that it’s become if China takes over,” O’Brien told NBC’s Chuck Todd on “Meet the Press.” He said financial services initially came to Hong Kong because of the rule of law that protected free enterprise and a capitalist system. continues with more text and a video with Ian Bremmer at cnbc.com Another video on China follows the one with Bremmer, with Bill Bishop saying that this move could be "the death knell for Hong Kong".