TOKYO, May 25 — The dollar edged higher today as worries about a standoff between the United States and China over civil liberties in Hong Kong fuelled demand for safe-haven currencies. Sterling was on the defensive after members of British Prime Minister Boris Johnson’s party called for the...
The dollar edged higher today as worries about a standoff between the United States and China over civil liberties in Hong Kong fuelled demand for safe-haven currencies. — Reuters pic
A senior White House official has said Beijing’s plan to impose a security law on the former British colony of Hong Kong could lead to US sanctions, which could worsen an already tense relationship between the world’s two-largest economies. China’s proposed national security legislation for Hong Kong could lead to US sanctions and threaten the city’s status as a financial hub, White House National Security Adviser Robert O’Brien said yesterday.
The threat of sanctions over Hong Kong risks a repeat of last year’s damaging trade war between the United States and China.Johnson has backed his senior adviser Dominic Cummings yesterday, despite calls from within his own Conservative Party for the aide to resign.
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