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 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. Hong Kong has managed to avoid the trade wars between the USA and China and act as a bridge for cross-border, between both countries. Hong Kong is ideal for shipping services since they will have a lot of independence and is partly autonomous.
Since Hong Kong has freedom and independence, they have their own tax system and currency which is heavily convenient. Hong Kong was a founding member of the World Trade Organization in 1995 and it has maintained independence custom and economic area. 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. 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.
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. Partnering with the Hong Kong company means you do not have to worry about legal issues since they understand the local laws and taxes, so there is smooth flow of trade across 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.