Hong KongA 2020 trade-status order expired unrenewed.
The 2020 order had stripped Hong Kong’s preferential trade and export treatment after Beijing’s national security law; letting it lapse restores that access without new legislation.
China calls it a Madrid trade-talks commitment fulfilled; Xi Jinping is expected to visit the US later this year.
Sources: Yahoo! Finance, South China Morning Post, U.S. News & World Report