China approves plan to impose national security laws on Hong Kong; Trump threatens sanctions

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Hong Kong is on its way to losing its autonomy China's legislature has now approved a plan to pass a sweeping new national security law president trump is warning of possible sanctions against China over its treatment of Hong Kong in recent days the trump administration has blocked the sale of sensitive technology to Chinese companies and your Scott Horsley has more it seems like a lifetime ago but it was only back in January that president trump was celebrating a trade deal in which China promised by hundreds of billions of dollars worth of additional American goods we're delighted that the Chinese consumers will now enjoy the greater access to the best products on earth those may grown and raised right here in the USA hog farmers were among those who saw big opportunity China has lost much of its own pork production to an outbreak of African swine fever and re is he above the national pork producers council says American farmers were eager to fill the void so far though sales have fallen short of their potential unfortunately when the Chinese have a chance to buy pork they're going to go to where the prices low and even with the trade deal American pork still faces a much higher tariff in China and its global competitors exports of farm goods factory products and crude oil are all running far behind what was promised in the trade deal Syracuse University economist Mary lovely says those targets were always going to be a stretch and the corona virus has made things worse the world has changed and clearly China's purchases are going to be affected one because their demand collapsed secondly American supply collapsed in so you have sort of a double whammy on their reaching these purchase target last week foreign policy magazine ran a story headlined trump's China trade deal is as dead as can be White House economic adviser Larry Kudlow told fox business the deal is still alive but not as important to the president as it once was right now is that a lot of misuse from China trump has been harshly critical of China over its handling of the pandemic China was slow to acknowledge the corona virus can spread from person to person still China appears to been much more successful than the US at controlling the outbreak you and soon had wrecked the China program at the Stimson center says Beijing reads trump's criticism as an effort to deflect from his own government's missed S. I think the Chinese reaction as wait a minute maybe we are responsible for part of it but for you to completely blame everything on us that's not fair Glazer of the center for strategic and International Studies has historically China has been cautious about safe flexing its muscle in Hong Kong because it wanted to maintain a working relationship with the U. S. but with both countries now throwing sharp elbows lasers as the brakes are coming off in my view the pandemic is really just an acceleration of the downward spiral in the relationship which now appears to me to be honest in free fall I don't know where the bottom is but I feel like we haven't reached it yet the trump administration has been ratcheting up its restrictions on exports of sensitive technology to China and its calls for reduced dependence on China for critical goods like medical supplies are growing louder glazier ones are so much anti China sentiment in the U. S. the relationship may suffer even if there's a new president in the White House next year both Biden and trump are trying to position themselves as being the toughest on China and nobody is is talking about what in this U. S. China relationship needs to be preserved that's ominous for the kind of cooperation between the two countries the world needs to tackle challenges like climate change and the

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