Canada suspended its extradition treaty with Hong Kong on Friday after China imposed a new security law on the territory. Prime Minister Justin Trudeau said Canada is a firm believer in the one country, two systems framework for Hong Kong and will stand up for its people. Trudeau said Canada is also looking at other measures, including immigration. Other countries are considering offering asylum. About 300,000 Canadians live in Hong Kong. China bypassed Hong Kong's Legislative Council to pass the sweeping legislation without public consultation. The security law, which took effect Tuesday night, targets secessionist, subversive or terrorist acts, as well as collusion with foreign forces intervening in the city's affairs. Under Beijing's direction, local authorities have moved swiftly to implement the law's sweeping conditions, with police arresting about 370 people Wednesday, including 10 on suspicion of directly violating the law, as thousands took to the streets in protest. Trudeau also responded to questions of whether he would take part in a trilateral meeting with U. S. President Donald Trump and Mexico's President Lopez Obrador to mark the beginning of the United States-Mexico-Canada Agreement, which is replacing the 26-year-old North American Free Trade Agreement (NAFTA). "We're still in discussion with the Americans about whether a trilateral summit next week makes sense," Trudeau said. The Prime Minister also says he is thankful that "nobody was injured" after an armed man with several weapons crashed his truck through a gate this week at the property where Prime Minister Justin Trudeau lives. At a morning news conference, The Royal Canadian Mounted Police say the man was loose on the grounds for 13 minutes before police laid eyes on him. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm QUICKTAKE ON SOCIAL: Follow QuickTake on Twitter: twitter.com/quicktake Like QuickTake on Facebook: facebook.com/quicktake Follow QuickTake on Instagram: instagram.com/quicktake Subscribe to our newsletter: https://bit.ly/2FJ0oQZ Email us at [email protected] QuickTake by Bloomberg is a global news network delivering up-to-the-minute analysis on the biggest news, trends and ideas for a new generation of leaders.