Yen rises, yuan falls after Trump signs Hong Kong protest bill
China’s foreign ministry also said on Thursday that U.S. attempts to interfere in Hong Kong are “doomed to fail.”
The law also threatens sanctions for human rights violations in Hong Kong, which has been rocked by months of civil unrest in response to what protesters say is an erosion of freedoms since reverting to Chinese rule in 1997. Many see the U.S. legislation as symbolic, but it has the potential, if implemented, to further rock relations between the United States and China.
The United States and China have imposed tariffs on each other’s goods in a prolonged dispute over Chinese trade practices that the U.S. government says is unfair., which pulled back from a two-month low to trade at 0.99875 against the greenback.
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