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8/19, 6:39 PM (Source: TeleTrader)
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US suspends extradition, tax deals with Hong Kong

The United States informed authorities in Hong Kong that it is suspending three of their bilateral deals, including a deal on extradition and a deal on taxes, as part of President Donald Trump's Hong Kong executive order, the State Department said in a statement on Wednesday.

"These agreements covered the surrender of fugitive offenders, the transfer of sentenced persons, and reciprocal tax exemptions on income derived from the international operation of ships," State Department spokesperson Morgan Ortagus said.

Additionally, the State Department stressed that the move is part of Washington's "deep concern" over the Hong Kong national security law.

Breaking the News / VP