The U.S. is unlikely to completely strip Hong Kong's special trade status amid China's effort to control the city, Derek Scissors, chief economist at China Beige Book and an American Enterprise Institute scholar, told MNI. Policy makers will seek deterrence over quick punishment, likely including the new Toomey-Van Hollen legislation calling for targeted sanctions, Scissors said in an interview Thursday. The U.S. will "seek to remove specific protections in order to allow sanctions against Chinese entities based and/or acting in Hong Kong," he said. China's recent security law "is another log on the fire, not ... (full story)