Ways You Can Avoid the US-China Trade War
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 Chinese products continued to face and escalated 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. Hong Kong is ideal for shipping services since they will have a lot of independence and is partly autonomous.
Hong Kong made use of their freedom and independence by creating a good tax system and has its own currency. Hong Kong has made a place itself in the trading circle by ensuring they remain an independent economic and custom area especially after the funding of the World Trade Organization. Hong Kong was able to escape the high tariffs by the United States and the free port it offers for warehousing and shipping services have a lot of demand.
Hong Kong has become the best place for people who want to complete their cross-border order fulfilment when shipping for either China or USA. 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. Hong Kong is well connected to China’s mainland and has modern transport systems like railways and roads which connected to China’s major city for speedy deliveries. 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. It is easy for overseas entrepreneurs to understand the local laws and taxes of Hong Kong when partnering up with one of the companies so they can smoothly trade across the borders. 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.