Hong Kong’s e-commerce operators are exploring new markets and delaying major business decisions in light of US tariffs, industry players have said.
One industry body said e-commerce firms could look towards expanding their operations in traditional markets when diversifying their business, while also exploring emerging ones in Southeast Asia, as well as Central and South America.
US President Donald Trump last week announced that the tariff imposed on small parcels sent to the United States from mainland China and Hong Kong would be further raised to 120 per cent from 90 per cent.
The provision allows companies to avoid US import duties by shipping products directly to individual consumers in small parcels, usually via air cargo.
Leon Lai, director of Taiwan-based e-commerce services firm 91APP, said 10 per cent of his company’s clients had been affected by the tariffs.
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