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United States to Apply Section 301 Tariffs on Products of Hong Kong

Once effective, the rule will subject goods originating from Hong Kong to the same tariffs currently in place on Chinese-origin goods, including additional tariffs of 7.5% to 25% on approximately $370 billion worth of Chinese-origin products. The resulting impact will affect companies that modified their supply chains to rely on Hong Kong as a viable alternative to mainland China and avoid Section 301 Tariffs. According to the U.S. Census Bureau, total Hong Kong imports through the first half of 2020 alone totaled approximately $6 billion, already exceeding the region’s total imports for the entirety of the previous year.

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