He noted that the US contributes about $450 million to the world body while China provides about $40 million. Simmering tensions over Hong KongTensions over Hong Kong have been increasing for more than a year as China has cracked down on protesters and sought to exert more control over the former British territory. Trump said the administration would begin eliminating the "full range" of agreements that had given Hong Kong a relationship with the US that mainland China lacked, including exemptions from controls on certain exports. It's not yet clear what impact the decision will have on US companies that operate in Hong Kong or on the city's position as Asia's major financial hub, or how China will react to the decision. Still, the country has insisted that its control of Hong Kong is an internal matter and it has disputed that it mishandled the response to the virus.

Source: The Telegraph May 29, 2020 22:52 UTC