What Hong Kong Losing Its U.S. ‘Special Status’ Means

Under the United States-Hong Kong Policy Act of 1992, the U.S. treated Hong Kong, a semi-autonomous part of China with its own legal and economic system, differently than the Chinese mainland in trade, commerce and other areas. President Donald Trump, punishing China for moves to tighten its grip on the city after a year of pro-democracy street protests, says Hong Kong’s special status is now a thing of the past. At its most extreme, that could mean the global financial hub is treated the same a