Trump to revoke Hong Kong’s special status, leave phase-one deal intact

President Trump on Friday announced the U.S. will revoke Hong Kong’s special trade status and stop treating it as a customs union separate from China, which will subject the city to the same U.S. export controls and tariffs as Beijing. The president did not mention the phase-one trade agreement the U.S. and China signed earlier this year. “China’s latest incursion, along with other recent developments that degraded the territories freedoms, makes clear that Hong Kong is no longer sufficiently autonomous...