Trump admin considers suspending Hong Kong’s preferential US tariff rate

Report from Reuters

The White House is considering suspending Hong Kong’s preferential US tariff rate for Exports to the US in response to China’s planned security law.
If that’s the crux of the US response, then it’s not anything for markets to worry about. There’s talk of sanctioning Chinese individuals and companies but unless there’s something broader for the Chinese economy then it’s not going to tip the apple cart.