The announcement by President Donald Trump on May 29 that he will begin stripping Hong Kong of its special trade privileges and that he no longer considers Hong Kong to be separate from China has prompted global lawyers and international corporations to worry about the future of Hong Kong and their place in the city.
The move by the White House could jeopardize Hong Kong’s long-held status as a global business and financial hub and may prompt global law firms and corporations to reconsider the need to have a base there. However, several global law firms are waiting for more details before making changes to their plans in the city.
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