Last month’s decision by China to impose a new security law on Hong Kong has triggered a new stage in US-China tensions. The US is set to revoke Hong Kong’s special status (which in practice has limited economic impact) and rhetoric over further sanctions has significantly stepped up.
We try to list the main measures announced in recent weeks and months concentrating primarily on potential investment / financial restrictions as the trade war for now has moved away from tariff measures. We plan to update this regularly given threats and actual sanctions are likely to increase as the US Presidential draws near.
As well as the list of main measures we include charts on world trade uncertainty highlighting the huge spike through 2018-19 and subsequent easing back in Q1 2020 with the Phase 1 deal in place. We expect the Q2 update (data due out next month) will show trade uncertainty heading higher once again.
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