The termination of the agreement does not help anyone, the government says. Photo: Winson WongThe termination of the agreement does not help anyone, the government says. Photo: Winson Wong
The termination of the agreement does not help anyone, the government says. Photo: Winson Wong

Washington’s suspension of US-Hong Kong reciprocal tax exemption deal for shippers a ‘lose-lose situation’, experts warn

  • Washington says it will suspend a bilateral agreement that has allowed shipping firms to avoid double taxation since 1989
  • Decision will jack up the cost of trade and fuel uncertainty and anxiety for the pandemic-ravaged industry, stakeholders say

Topic |   United States
The termination of the agreement does not help anyone, the government says. Photo: Winson WongThe termination of the agreement does not help anyone, the government says. Photo: Winson Wong
The termination of the agreement does not help anyone, the government says. Photo: Winson Wong
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