Trade tensions flare over Hong Kong
China vowed retaliation for new U.S. sanctions imposed over its treatment of Hong Kong. President Donald Trump announced the penalties on Tuesday and revoked the special trading status enjoyed by the territory, which he said will now be treated the same as China. The sanctions would apply to officials and companies that aid in China’s enforcement of a security law aimed at suppressing dissent on the previously semi-autonomous territory — and are the latest chapter in ongoing trade battles between the two biggest economies.