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Hong Kong is still extremely important to the CCP. Tariffs can be reduced by first moving exports through Hong Kong because of a first sale rule[0]. The recent
by nsporillo 7y ago
Hong Kong is still extremely important to the CCP. Tariffs can be reduced by first moving exports through Hong Kong because of a first sale rule[0]. The recent bill passed in the US congress puts some of these rules under scrutiny[1].
[0] - https://asia.nikkei.com/Economy/Trade-war/Hong-Kong-s-tariff-loophole-flourishes-in-US-China-trade-war https://asia.nikkei.com/Economy/Trade-war/Hong-Kong-s-tariff...
[1] - https://www.congress.gov/bill/116th-congress/senate-bill/1838 https://www.congress.gov/bill/116th-congress/senate-bill/183...