[Accepted at the November, 2020 meeting as part of paper P2029R4.]
5.13.5 [lex.string] paragraph 5 reads
Escape sequences and universal-character-names in string literals have the same meaning as in character literals, except that the single quote ' is representable either by itself or by the escape sequence \', and the double quote " shall be preceded by a \. In a narrow string literal, a universal-character-name may map to more than one char element due to multibyte encoding.
The first sentence refers us to 5.13.3 [lex.ccon], where we read in the first paragraph that "An ordinary character literal that contains a single c-char has type char [...]." Since the grammar shows that a universal-character-name is a c-char, something like '\u1234' must have type char (and thus be a single char element); in paragraph 5, we read that "A universal-character-name is translated to the encoding, in the execution character set, of the character named. If there is no such encoding, the universal-character-name is translated to an implemenation-defined encoding."
This is in obvious contradiction with the second sentence. In addition, I'm not really clear what is supposed to happen in the case where the execution (narrow-)character set is UTF-8. Consider the character \u0153 (the oe in the French word oeuvre). Should '\u0153' be a char, with an "error" value, say '?' (in conformance with the requirement that it be a single char), or an int, with the two char values 0xC5, 0x93, in an implementation defined order (in conformance with the requirement that a character representable in the execution character set be represented). Supposing the former, should "\u0153" be the equivalent of "?" (in conformance with the first sentence), or "\xC5\x93" (in conformance with the second).