Is it possible to copy all my Delicious bookmarks to Google Bookmarks, while preserving the Delicious tags as Google labels?
It is easy enough to export as HTML and import again, but the tags get lost in the process.
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This link might help you. It will just ask your Delicious username & password, no harm/no issues as the script available as open source. Just give it a try.
Google bookmarks now directly offers the feature to import bookmarks from Delicious.
A couple things to note: