The @CECCgov chairman is correct here. While @SecPompeo's decision today to declare #HongKong insufficiently autonomous from #China has taken many aback, it does reflect the actual situation, and hence its bipartisan support in DC and embrace by most pro-democracy Hong Kongers. https://twitter.com/RepMcGovern/status/1265730699216269312

If the U.S. no longer treats Hong Kong as a separate customs territory, will our economy suffer? Of course! It's painful to acknowledge that the stock market may plunge, unemployment numbers may rise and foreign businesses may flee. Yet the hit is necessary.

For decades, Hong Kong has facilitated the influx of global capital and otherwise unavailable goods (e.g. high-tech products) into China. Leaders in Beijing continue to reap the benefits of this arrangement while our freedoms deteriorate. They can't have it both ways.

Our hope is that a drastic change of American policy will encourage them to reverse course on Hong Kong. For the past year, we've been fighting, first, against extradition arrangements with China and, now, a sweeping national-security law. The world must not turn a blind eye.