Hong Kong May Be Fresh Flashpoint in Trump’s Fight With China

Donald Trump broke a whole lot of economic-policy conventions when last he was in the White House. One he stopped short of, however, was action against Hong Kong’s pegged-exchange rate.

That may seem arcane when measured against the Republican’s other first term-grenade tosses. Like when he crippled the World Trade Organization’s judicial oversight of commercial disputes, or used dubious national security concerns to justify tariff hikes on treaty allies (as he did against the European Union over steel and aluminum.)