I have layout asset library filled with 50+ assets, and like to move my usd files to another folder, is this possible to do this with keeping all the tags and color labels? Thanks!
This is not currently possible (unless you want to use sqlite and python to manipulate the asset database directly, which honestly would be fairly easy if you're comfortable with those technologies). There is already an RFE for this, as you are not the first person to want to do it.