US treats Hong Kong exports as 'made in China' - News Summed Up

Trending Today


US treats Hong Kong exports as 'made in China'


Goods made in Hong Kong for export to the United States will need to be labeled as made in China after September 25, according to a U.S. government notice posted on Tuesday, Reuters reports. The move follows China’s imposition of a national security law on Hong Kong and a U.S. decision to end the former British colony’s special status under U.S. law, escalating bilateral tensions that were already rising over trade war tariffs and the handling of the coronavirus outbreak. The latest step will mean Hong Kong companies will be subject to the same trade war tariffs levied on mainland Chinese exporters, should they make products subject to these duties, said the U.S. Customs and Border Protection notice. It said that 45 days after its publication, goods “must be marked to indicate that their origin is ‘China.'' The step was taken after the United States determined that Hong Kong is “no longer sufficiently autonomous to justify differential treatment in relation to China”.


Source: The Standard August 11, 2020 07:07 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */