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What are the effects of the import tariff reduction?

Sihainet: import tariff is the tariff levied by the customs of a country on imported goods and articles. Some experts have pointed out that the most direct impact of the large-scale reduction of the import tariff of consumer goods is to reduce the import cost of imported products and keep the consumption of many products at home. What are the effects of the import tariff reduction?

Import tariff reduction

Since July 1, 2018, the most favored nation tax rate of some imported consumer goods has been reduced, involving 1449 tax items. Not only is the number of tax items 7 times the total number of the previous four tax reductions, but also the average tax rate has been reduced from 15.7% to 6.9%, with an average decrease of 55.9%.

Impact of import tariff reduction

The first is the survival of daily household appliances: the average import tariff of refrigerators and washing machines has been reduced from 9% - 15% to 8%, with a very large reduction. Suning has cooperated with brands operating imported products in June to subsidize imported ice washing products.

Secondly, it is also the "package" that this article focuses on: LV, a French luxury brand, is the first to reduce product prices in response to the trend.

LV has already lowered the price of some products on China's official website and offline stores, with a price difference of about 300-1500 yuan and a price reduction range of 3% - 5%.

It is found on LV website that the price of most products has been lowered. Among them, the price of neonoe bucket bag decreased from 12300 yuan to 11800 yuan, that of Neverfull from 10400 yuan to 9900 yuan, and that of Monogram contractual headband from 1500 yuan to 1450 yuan.

The price of neonoe bucket decreased from 12300 yuan to 11800 yuan

Neverfull decreased from 10400 yuan to 9900 yuan

Monogram conditional headband reduced from 1500 yuan to 1450 yuan

Before LV price reduction, the brand opened hot money reservation on the official website, 'many items that were not easy to sell can be bought from the official website before price reduction, which were all routines' and' price reduction just after purchase '. At the same time, we learned from Lv's customer service that the products that have been reduced in price cannot be refunded to make up the difference.

Finally, the average import tariff rate of clothing, shoes and hats, sports and fitness products decreased from 15.9% to 7.1%, and the average import tariff rate of skin care, hairdressing and other cosmetics and some medical and health products decreased from 8.4% to 2.9%. Cosmetics and clothes are going to have a big wave of price reduction. Do you save more money or spend more? But what about saving money without spending money~