Carrie Lam Says Hong Kong Not Afraid of U.S. Sanctions

Carrie Lam, Hong Kong’s leader said Tuesday that Hong Kong will not be frightened by any sanctions, in response to the U.S. revocation of Hong Kong’s special status.

 

Lam told a press conference that Hong Kong has made preparations for the U.S. move and estimated that the trade restrictive measures will only cause a little inconvenience, stressing that the impact on Hong Kong’s technological innovation sector will be limited.

 

Lam added the United States enjoys the highest surplus worldwide in its trade with Hong Kong, with about 30 billion U.S. dollars a year.

 

The U.S. Commerce Department has announced on Monday the elimination of Hong Kong’s special status under U.S. law, suspending defense exports and restricting the territory’s access to high technology products, the movement was in retaliation for Beijing’s preparation to impose national security law.

 

When the Hong Kong’s leader was asked about national security legislation, she refused to comment as it was “Inappropriate to answer the questions or give any explanations.”