Ways You Can Avoid the US-China Trade War
The United States of America was the world’s manufacturing leader, and the current president is now looking forward to fulfilling this once again 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%.
The profit margins and businesses of ecommerce entrepreneurs and crowd funder’s school be brewing due to the tariff hike. 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.
Shipping from Hong Kong will not be difficult since they have a great tax systems and their 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. 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.
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. 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. Hong Kong is the best place to make shipping requirements since you have a connection to over 200 cities by using their direct flights.
Numerous people find themselves partnering up with Hong Kong companies when they want fulfillment services so they can get a steady flow of quality services at competitive prices. 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. Clients will not have to incur additional courses on goods and services taxes since products can be exported without approval as long as the formalities are submitted within 14 days before departure.