On July 14, the President of the United States issued an Executive Order revoking Hong Kong’s special status. This means that Hong Kong will no longer be treated as a separate customs territory from the Peoples Republic of China.
Agency heads have fifteen days to commence actions to further the purpose of the order and are expected, among others, to include changes in immigration and export controls. It is expected that products from Hong Kong will now have to be entered as products from China and subject to the associated Section 301 China additional duty.
According to the United States Trade Representative, as of 2018, Hong Kong was our 21st largest goods trading partner with $43.6 billion in total goods traded - $37.3 billion in exports and $6.3 billion in imports.
Please reach out to your local DSV Customs and Compliance representative with any questions.