The US recently announced a series of sanctions on Hong Kong over the city's new National Security Law, including requiring the city's exports to the US to be labeled as "Made in China", and suspending or terminating three bilateral agreements with the city. The US Department of State announced on Wednesday the suspension or termination of Agreement for the Surrender of Fugitive Offenders, the Transfer of Sentenced Persons Agreement and the Agreement concerning Tax Exemptions from the Income Derived from the International Operation of Ship.
The US government has so far launched trade remedy measures on Chinese products including steel, aluminum and solar panels this year, causing concerns that the country has excessively used trade protection tools and broken multilateral rules to generate negative impacts to global economic and trade order.
The US signed an agreement with the Taliban last month for a phased withdrawal of US forces if the Taliban keeps its commitments. It also prescribed the start of talks between the insurgents and an Afghan government delegation on a political settlement to end decades of conflict.
The USMCA, signed by leaders of the three countries on Nov 30 in Argentina, still needs to be ratified by lawmakers of the three countries before going into effect. The deal faces a tough road ahead in a split Congress.
The US sanctions on Hong Kong, which conflict with its own interests, will have little impact on the global financial center, said Francis Lui, an economist at the Hong Kong University of Science and Technology.
The US had reported 1,790,191 cases by Sunday, with its death toll at 104,383, according to the Johns Hopkins University.
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The US airplane maker said it is working closely with US federal regulators on the process they have laid out to certify the 737 MAX software update.
The US-based company said the additional funding will support its late-stage clinical development including the expanded phase 3 study of its vaccine candidate.
The US dollar's ascent, which is compared to a history of declines in the wake of the US economic slowdown and Fed rate cuts, is attributed to investors' confidence that US treasury bonds are a safer option, and the fact that US rates have stayed above those in developed economies such as Japan and the euro zone.
The US has not filed any complaints against China with WTO, even though Trump and his cabinet members have cited Beijing's violations of WTO rules because Beijing is availing itself of the special treatment the biggest developing country received when it acceded to the international bloc, Stiglitz said.