The U.S. has begun to rescind Hong Kong’s special trade status after Chinese lawmakers passed a sweeping national security law that gives it more powers over the territory, per the New York Times.

Why it matters: Beijing’s encroachment on Hong Kong’s independent legal system since 2019 has prompted massive protests in the Asian financial hub. China bypassed Hong Kong’s legislature to introduce the law — which could severely constrain the autonomy the former British colony has retained since it was returned to China in 1997.

What they’re saying: Secretary of State Mike Pompeo said in as statement Monday night, “The Chinese Communist Party’s crackdown on Hong Kong prompted the United States to retool its relationship with the territory.

  • Pompeo noted that the Chinese government’s threats to retaliate over the Trump administration’s action with visas being placed on U.S. citizens “exposes once again how Beijing refuses to take responsibility for its own choices.”

Editor’s note: This is a developing news story. Please check back for updates.