How the US-China Trade War Benefits Hong Kong
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. The trade war USA China has made it easy for Hong Kong to avoid the effects of the conflict and serve as a bridge for cross-border commerce for 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. 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 united States-Hong Kong policy act which was signed in 1992 has been respected by the Congress ever since because Hong Kong maintained its status as a separate territorial health degree not be involved in the issues regarding cross-border trading. 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. 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. 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. Hong Kong is the best place to make shipping requirements since you have a connection to over 200 cities by using their direct flights.
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. 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.