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The United States bans "Made in Hong Kong" label Zhong Guobin: expected to impose Hong Kong tariffs on par with the mainland

2020-08-15T01:37:05.648Z


The United States stipulates that the source of production for Hong Kong exports to the United States is marked as "China." The Legislative Council Member of Textiles and Clothing Industry and the leader of the Liberal Party, Zhong Guobin, attended the commercial channel program "Saturday Accountability" this morning (15th). Not much. It is expected that the overall industry will not have much impact, but individual food or pharmaceutical companies will be affected. The new measures have also caused confusion in the industry. They mistakenly believe that global distribution is forbidden to mark "Made in Hong Kong." At present, the United States has not indicated a joint levy. However, Zhong said that the US has cancelled the "Hong Kong Policy Act" and regards Hong Kong as one of the mainland cities. Therefore, it is expected that the final tariff will be in line with the mainland, with an additional 7.5%.


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Written by: Hu Jiaxin

2020-08-15 09:24

Last update date: 2020-08-15 09:29

The United States stipulates that the source of production for Hong Kong exports to the United States is marked as "China." The Legislative Council Member of Textiles and Clothing Industry and the leader of the Liberal Party, Zhong Guobin, attended the commercial channel program "Saturday Accountability" this morning (15th). Not much. It is expected that the overall industry will not have much impact, but individual food or pharmaceutical companies will be affected. The new measures have also caused confusion in the industry. They mistakenly believe that global distribution is forbidden to mark "Made in Hong Kong." At present, the United States has not indicated a joint levy. However, Zhong said that the US has cancelled the "Hong Kong Policy Act" and regards Hong Kong as one of the mainland cities. Therefore, it is expected that the final tariff will be in line with the mainland, with an additional 7.5%.

Liberal Party leader Zhong Guobin said when attending the business channel program "Saturday Accountability" this morning that the United States accounts for not much business in Hong Kong, and the new measures are expected to have little impact on the overall industry. (Profile picture)

The Census and Statistics Department announced yesterday that due to the impact of the new crown pneumonia epidemic, the gross domestic product (GDP) in the second quarter of this year fell 9% year-on-year. The United States, the United Kingdom, Singapore and other places have implemented "foot bans", and GDP fell by 20%. 40% believe that Hong Kong’s GDP decline is not bad compared to other countries, reflecting that Hong Kong is "not doing too badly" in balancing epidemic prevention and control and the economy. He pointed out that when the epidemic in Hong Kong went to the second quarter, there were no new cases in 20 days and economic activities were resumed. However, after the third wave of the epidemic broke out, the gathering restriction order must be strengthened. It is expected that Hong Kong's GDP in the third quarter will change. difference. He also believes that if the epidemic can be reduced, he hopes that economic activities can be resumed, such as restaurants that can reopen for dine-in at night.

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Source: hk1

All news articles on 2020-08-15

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