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. 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 US government increases the tariff of Chinese products from 10{d75fa919dee23b6f8e1d22bd4f76e71d5efe3a131614a1ebb9829de444839202} to 25{d75fa919dee23b6f8e1d22bd4f76e71d5efe3a131614a1ebb9829de444839202} over the years.
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. 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. 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. 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. Hong Kong currently has no tax rate and easy shipping procedures which only increase the demand for cross-border trade in the future.
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.
People should take advantage of the competitive prices offered by Hong Kong companies especially if you partner with them to get fulfillment services. 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. The visa procedures and export formalities in Hong Kong are relaxed so traders will not deal with surcharges as long as the products are approved within fourteen days.