US Imposes Sanctions On Hong Kong’s Top Leader

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US Imposes Sanctions On Hong Kong’s Top Leader
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US Imposes Sanctions On Hong Kong’s Top Leader

Hong Kong Chief Executive Carrie Lam speaks during a press conference at the government headquarters in Hong Kong on July 31, 2020. Anthony WALLACE / AFPThe United States slapped sanctions Friday on Hong Kong’s top leader, a new salvo in a major escalation against Beijing after ordering sweeping restrictions on Chinese-owned social media giants TikTok and WeChat.

Pompeo said the law — which bans subversion and other perceived offenses — violated promises made by China before Britain handed back the territory in 1997.The Treasury Department said Lam “is directly responsible for implementing Beijing’s policies of suppression of freedom and democratic processes.”

This combination of pictures created on August 01, 2020 shows the logo of the social media video sharing app Tiktok displayed on a tablet screen in Paris, and US President Donald Trump at the White House in Washington, DC, on July 30, 2020. JIM WATSON, Lionel BONAVENTURE / AFPLate Thursday, Trump made good on threats against WeChat and TikTok — two apps with major audiences.

“At the expense of the rights and interests of US users and companies, the US… is carrying out arbitrary political manipulation and suppression,” Chinese foreign ministry spokesman Wang Wenbin said.The new restrictions sent Tencent shares into a spin, with the issue tanking as much as 10 percent at one point in Hong Kong trade, wiping almost $50 billion off its market capitalization.

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