This ‘Made in China’ labeling requirement on Hong Kong products was originally to take effect on September 25. To give Hong Kong exporters more breathing room to switch the labels, the US CBP has extended the enforcement date by 45 days, to November 9.
- The US government released a notice stating that Hong Kong goods for export to the US must be relabeled ‘Made in China’ instead of ‘Made in Hong Kong’. Improperly labeled cargo may face a punitive duty of 10 percent.
- The labeling requirement – which was supposed to come into effect September 25, 2020 has now been postponed by 45 days to November 9, 2020.
- According to clarification from the US government, the labeling change does not automatically change a product’s tariff designation. Hong Kong goods could still use “HK” as a country of origin.
- Therefore, goods made in Hong Kong may not be subject to the trade war tariffs levied on Mainland Chinese products, for now. Even so, the number of Hong Kong goods affected is very small.
- The labeling rule won’t have much financial impact but will be an irritant in an al isn’t a direct financial impact apparent at the moment;…