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Trump signed law slapping sanctions on China for interference in Hong Kong

President Donald Trump said Tuesday that he signed legislation to impose sanctions on China in response to its interference with Hong Kong’s autonomy.
Trump also said in the White House Rose Garden that he signed an executive order ending the preferential treatment that Hong Kong has long enjoyed.
The Trump administration has previously blamed China for the unfolding health crisis caused by the coronavirus, and it has criticized Beijing for its illegal territorial claims in the South China Sea.

A ‘financial war’ with China could be brewing on top of the trade war

U.S. regulators have long sought more transparency from Chinese companies with shares trading on U.S. exchanges, but Beijing has resisted.
More than a decade ago, hundreds of Chinese companies went public in the U.S. via reverse mergers, merging into public but mostly dormant U.S. companies, and many turned out to be frauds.
Efforts to solve the problem are getting more traction due to the escalation of trade disputes with China.

WHO warns coronavirus pandemic is speeding up as countries ease lockdown rules: ‘The worst is yet to come’

“Although many countries have made some progress, globally, the pandemic is actually speeding up,” WHO chief Tedros Adhanom Ghebreyesus said during a virtual news conference.
The virus has infected more than 10.1 million people around the world and killed at least 502,634 people, according to data compiled by Johns Hopkins University.
“The single most important intervention is … tracing and quarantine contacts,” he said. “Six months since the virus started, it could be like a broken record to say exactly the same thing, but the same thing works. Test, test, isolate, quarantine cases.”

Fauci warns of ‘more and more’ coronavirus complications in young people

Dr. Anthony Fauci, the nation’s leading infectious disease expert, said that doctors and infectious disease specialists are seeing “more and more” complications with Covid-19 in young people.
Early in the outbreak in the U.S., researchers said the virus appeared to be sparing young people while being particularly severe for the elderly and those with underlying health conditions.
That’s not the case, Fauci said Tuesday.

iPhone sales in China drop in May after recent rebound — but Apple shows signs of resilience

Apple iPhone sales and shipments fell in May versus April, according to third-party data compiled by CNBC.
But other areas of the business such as spending on the company’s App Store grew, which may point to some resiliency for the U.S. technology giant in one of its biggest markets.
Apple was affected by the shutdown in China during the height of the coronavirus pandemic in the country, but it has seen a sharp rebound as the the economy has re-opened.