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. The president pulled tariffs on washing machines, and solar panel plus the tariff wall was extended to cover everything from aluminum, luxury bags, steel and different home boots. In a mission to accomplish his campaign promises, president import tariffs on washing machines and solar panels plus tariff were prolonged to cover a wide variety of home goods. The Chinese products continued to face and escalated from 10% to 25%.
Numerous ecommerce businesses depend on Chinese made products, and the escalation of tariff could affect their businesses and profit margins. 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.
Shipping from Hong Kong will not be difficult since they have a great tax systems and their own currency. Hong Kong was a founding member of the World Trade Organization in 1995 and it has maintained independence custom and economic 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.
People regularly wonder how Hong Kong escaped the tariffs by the United States become the best solution for cross-border order fulfillment from China to the USA and vice versa. Many people have successfully complete the order fulfillment from hong kong especially when shipping from china to us. 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. 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. 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. 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.