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. 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.
Shipping from Hong Kong will not be difficult since they have a great tax systems and their own currency. In 1995, the World Trade Organization was founded and Hong Kong was a member so they retained an independent economic and customs area. Businesses people get to enjoy the warehousing and shipping services in Hong Kong ports for free since they are not affected by the inflated tariffs so the demand for the ports are high.
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. Since Hong Kong is well known as a separate territory, issues regarding economics and cross product training has been respected when the Congress passed the United States-Hong Kong Policy Act. The significance of cross-border trade increases with time since Hong Kong has simple shipping procedures and low tax rates.
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 transport system in Hong Kong is modern, so it is connected to mainland China so you can get deliveries of manufactured goods on time which is a benefit of shipping through hong kong. Hong Kong offers entrepreneurs with direct flights through numerous airlines plus you are connected to different cities so you’ll get a world-class re-export opportunity.
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. 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. 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.