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. 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. 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 was a founding member of the World Trade Organization in 1995 and it has maintained independence custom and economic area. 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. 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. The location of Hong Kong is essential since the shipping ports connect ships from Suez Canal, Panama, America and Southeast Asia. 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.
If you run a company overseas and want a fulfillment service then you can partner up with the Hong Kong companies, so you get steady flow of quality products at affordable 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. 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.