Ways You Can Avoid the US-China Trade War
When the president of the united states was inaugurated, he made promises by aggressively looking to reassert America’s role as a manufacturing leader. America’s tariff was extended to numerous home goods and steel, luxury handbags and aluminum. The US government increases the tariff of Chinese products from 10% to 25% over the years.
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.
Since Hong Kong has freedom and independence, they have their own tax system and currency which is heavily convenient. 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. 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. People in ecommerce order fulfillment industry benefit from shipping through Hong Kong since they have lower tax rates and effortless shipping procedures.
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. The location of Hong Kong is essential since the shipping ports connect ships from Suez Canal, Panama, America and Southeast Asia. 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. 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. Business people have relaxed visa procedures and export formalities, and you can avoid surcharge when you submit the required formalities two weeks before the shipments departure.