Key Points
- Trump signed law slapping sanctions on China for interference in Hong Kong 1
- Goldman Sachs sees the Chinese yuan strengthening to 6.70 against the dollar in the next 12 months 2
“Hong Kong will now be treated the same as mainland China,” “No special privileges, no special economic treatment and no export of sensitive technologies. In addition to that, as you know, we are placing massive tariffs and have placed very large tariffs on China.” Trump said during a lengthy speech in the White House Rose Garden 1