Hong Kong and mainland Chinese manufacturers have been urged to seize the opportunity presented by a 90-day pause in the China-US tariff dispute by shipping inventory to the United States.
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However, traders will face competition for freight services and will need to negotiate the sharing of shipment costs between the two regions, experts have warned.
Billy Mak Sui-choi, an associate professor in the Department of Accountancy, Economics, and Finance at Baptist University, said on Tuesday that the 90-day tariff suspension window “will definitely be a peak period for exporting goods”.
He added that shipment was “quite urgent” as the pause meant US importers could still ensure sufficient goods for the Thanksgiving and Christmas shopping season.
“Since you have a 90-day exemption to maintain relatively low tariffs, you should do your best to ship goods. If you start placing orders now, manufacturing, and then exporting, it is actually quite urgent,” Mak said.
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US President Donald Trump said on Monday that he and his counterpart President Xi Jinping could negotiate over tariffs at the end of this week.