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Hong Kong business owner Hasay Sharon took a breath in hearing the news this week, reduced the US and Chinese trade wars and temporarily reduced the tariffs between them.
According to the agreement, the United States will reduce its tariffs for Chinese goods from 145 percent to 30 percent, and China has received from 125% to 10 percent from 10 percent to 10 percent since Wednesday.
The 43-year-old Canadian manages the consumer brand Eco wave, which produces items such as Israel, bamboo baby wipes and compostable diaper bags. Products were produced in factories in Mainland China and sold at Amazon in the United States and England
About 200,000 compostabis bags from a factory in China’s Henan province will come to the port of Los Angeles on May 13, and Sharon was prepared to pay 125 percent of the shipping. Now he hopes to pay 30 percent of the Russian imports, but it was not sure what he would pay for.
Although “Torria”, the tariff rate fell, Sharon, still said that American consumers should have additional costs.
“I don’t have the edges to master me,” CbC News said.
The period of tat-tat tariffs between the two largest economies around the world, Roiled in financial markets. This brought uncertainty to enterprises that trust the American market, which does not know how much tariffs will be in three months.
Some Hong Kong companies produced production products elsewhere. Others, who rely on the Great American market, continued to walk in the event that the tariff level is expected to wait for higher tariffs between the fears of possible personnel.
‘Need to match or sweep’
After the first period in Donald Trump in the office, many Hong Kong companies opened factories outside the mainland China to eliminate the impact of the US tariffs and hedges. Companies known as China plus a “strategy, manufacturers focused on places such as Vietnam and Cambodia, as the power of production.
Export to the United States accounted for 30 percent of Vietnam’s GDP and 29 percent of Cambodia’s GDP last year.
During the second term, President Donald Trump, US trading partners and so-called interactions, 46% of Vietnam and 49% before announcing a 90-day break in April 49.
Trump, the purpose of correcting the purpose unfair trade experiences, said that many countries have applied higher tariffs than American goods, and in addition to the formation of an imbalance.
Sharon immediately ordered a flight to Ho Chi Minh after the announcement of 145 percent import taxes in Chinese products last month. Regularly visited the country while working to work for the exports of his father for 15 years.
Sharon, as soon as he looked at the supply chain, had contacted a factory in the past year and decided to produce bamboo napkins around three or three digit tariffs.
The first supply of 20,000 packs of bamboo napkins next week.
Now these tariffs reduced to 30 percent in China imports, Sharon said that a factory in Zhejiang province, which has been used for three years, he said.
Although this tariff ratio is still higher than 10 percent of Vietnam, Sharon has provided more favorable payment terms in the factory, the production of baby napkins in China was cheaper.
He said that the next trade policy will take place and change production lines, it was difficult.
“It’s very difficult. If you should adapt and fit, if you are swept, Sharon.
Companies count the value
Hong Kong Entrepreneur Danny Lau, who works in the Kam Pin Industry, is looking for any signs of the trade war between the two largest economies in the world.
He asked about Trump’s thoughts, LAU replied: “It’s hard to predict. This guy is unpredictable. It can do anything.”
Dongguan has a factory in Dongguan in Dongguan in Dongguan, Hong Kong and Matinland, which was founded in 1960, in the Aluminum coated panels in Hong Kong and Matinland.
About one-third of the United States KAM PIN industrial business – with products going to buildings for customers including Amazon and Google.
President Trump has increased up to 25 percent of import aluminum and steel tariffs. In addition to existing progress from the first cycle of Trump, Trump, tariffs for US products have set up to 75 percent of about 75 percent.
Trump does not include sector tariffs in the pause, cars, steel, aluminum and potential pharmaceutical areas, which lasted 90 days in China’s tariffs.
Lau said it was checked to see what would be for the import of imported tax rates and in the United States in the United States in the third and fourth neighborhoods to see “chances.
In the second half of the year, he waited for $ 5 million from the United States, but to American orders (US and China) up to “US and China) (US and China),” he said.
“If we do not order enough, we must cut the headlines and use our entire work, including less space and production facilities in our office,” he said. “It’s a bad feeling. It is unexpected.”
Lau looks at new markets, as in the Middle East, but four years are difficult to replace the Great American market in the middle.
This week, the temporary trade truce gave him a hope. However, he said he could do, and wait until an agreement between the United States and China.
“(Outlook) is a little bright, but not completely sunny,” he said. “I look forward to the sunny day.”
Uncertainty remains
The clock warned the US and China’s last contract, economist Simon Lee warned the topics that caused the commercial war – for example, for example, requires a shortage of chemicals that use Fentanyl.
“The removal of (tariff) is only temporary,” said Lee, who was lesson at the University of Hong Kong. “After the US deals with other countries, a clearer picture can be seen. Tariffs are still higher than before.”
As tariffs, in the world’s largest country, 21 percent of the year by China’s Customs Organization in May 9, 21 percent of the year have been reduced to China.
Clock | Why opposite tariffs hurt some Canadian companies:
Some Canadian manufacturers are facing catastrophic yeast value for Canada’s revenge against the United States and say that some owners cannot be enough to keep in the federal assistance.
Supply chain research student Sea-exploration company Executive Director Alan Murphy, for the evidence of transporting lines and transport freimologists, US-US is among US 50 percent, because the reservations were canceled.
“In China, the mass of 145 percent of the tariffs, at least postponed, at least,” he said.
Murphy added that some goods will now begin to move, but did not expect a great return, because tariffs were “too many penalties.”
Murphy, for US importers, said the question will fall or rise to 30 percent in 90 days. No one knows.
“It’s uncertainty that kills everyone here,” he said.
