How the US-China Trade War Benefits Hong Kong
President Donald Trump is looking forward to making America the best manufacturing leader as part of his campaign promises. America’s tariff was extended to numerous home goods and steel, luxury handbags and aluminum. The plan of the president was to ensure products coming from China had increased tariffs from 10% to 25%.
E-commerce businesses and crowdfunderss in America that depend on Chinese made products ruin of their businesses due to growing tariffs, and it will affect their profit margin. The United States of America and China now news Hong Kong as a cross border they want to have ecommerce fulfillment which offer a lucrative opportunity for Hong Kong. If you are used to shipping from China when it is time to change perspective and try shipping from hong kong to us because it has a large amount of freedom and independence.
Hong Kong made use of their freedom and independence by creating a good tax system and has its own currency. Hong Kong was a founding member of the World Trade Organization in 1995 and it has maintained independence custom and economic area. The demand of free ports in Hong Kong are in demand since they are affected by the tariffs and people want to use the shipping and warehouses they provide.
People regularly wonder how Hong Kong escaped the tariffs by the United States become the best solution for cross-border order fulfillment from China to the USA and vice versa. Many people have successfully complete the order fulfillment from hong kong especially when shipping from china to us. The congress and Hong Kong signed a policy which means they should respect the cross-border trade and economics agreement and Hong Kong will not be affected by the high tariffs. Hong Kong currently has no tax rate and easy shipping procedures which only increase the demand for cross-border trade in the future.
Hong Kong is better than shipping from china since they are located at the center of major shipping lanes of the Asia-Pacific region since she can easily access this is Canal, Panama, Southeast Asia and America through its ports. Ships that use Hong Kong port have access to Panama, America, South-East Asia and the Suez Canal since it is in the center of major shipping lanes. The land connections in Hong Kong are well structured with mainland China which means clients are guaranteed of speedy deliveries when shipping manufactured goods from factories to shipping containers. Clients get to enjoy world-class re-export have since you will have access to numerous airlines with direct flights to different cities.
People should take advantage of the competitive prices offered by Hong Kong companies especially if you partner with them to get fulfillment services. If you do not want to get into legal trouble with the Hong Kong authorities than it is better to partner up with the companies so you can understand local laws and taxes. The visa procedures and export formalities in Hong Kong are relaxed so traders will not deal with surcharges as long as the products are approved within fourteen days.