President Donald Trump's executive order ending Hong Kong's special status under U.S. law effectively ends the territory's separate customs treatment from China - but the immediate impact on trade is likely to be limited, trade law experts say.
Trump's order, issued late on Tuesday to punish China over a new national security law imposed on Hong Kong, does not explicitly mention tariffs nor Hong Kong's separate customs status. Instead, it suspends a 1992 law granting Hong Kong special economic status, referencing a statute governing country-of-origin labeling for imported goods.