State Council Information Office: my country will further reduce import tariffs on consumer goods

"Global Coatings Network News"

On June 1, the State Council Information Office held a regular briefing on the State Council’s policies to introduce my country’s further reduction of import tariffs on consumer goods.

The executive meeting of the State Council recently decided to lower import tariffs on consumer goods on a larger scale to better meet the diverse consumer needs of the people.

The first is to reduce import tariffs on clothing, shoes, hats, household goods, stationery and sports goods, such as coats, coats and other clothing, sports shoes and other footwear, hats, luggage, home textiles, kitchen supplies, clocks, sports and fitness products, etc.

After the import tariffs are lowered this time, can the prices of consumer goods that are concentrated in demand by the people fall? In response to a question from a reporter from the Economic Daily, the relevant person in charge of the Ministry of Finance said that the reduction of tariffs has indeed reduced import costs to a certain extent, and will generally help lower prices in the domestic market.


"However, we should also look objectively.
Tariffs are levied based on the import prices of goods rather than the domestic market prices.
A reduction in tax on mass consumer goods priced on a cost basis can promote market price reductions.
" The relevant person in charge of the Ministry of Finance said.
For medium and high-end consumer goods, the market sales price is usually several times more than the import price.
Tariffs have an impact on market retail prices, but the impact is limited.
In addition to tariffs, factors affecting the market prices of consumer goods, including circulation costs , Brand pricing and marketing strategies, etc.


"After the tariffs are lowered, whether and how much consumer goods will be reduced in price, there is indeed market behavior.
We hope that by lowering import tariffs and expanding imports of consumer goods, we will enrich domestic consumer choices and promote the decline in prices of consumer goods, so that the policy dividend will be truly transmitted.
In the hands of consumers, consumers will get more benefits.
” said the relevant person in charge of the Ministry of Finance.

 
To achieve the upgrade of consumer demand, a multi-pronged and comprehensive strategy is required.
The relevant person in charge of the Ministry of Finance said: "Brand building is a very important aspect.
To create more high-end and high-quality domestic consumer products to compete with world-renowned brands, we must standardize the market order and crack down on counterfeiting, so that consumers can be more assured.
Shop nearby.
”
 
“Made in China needs to be further improved.
Chinese design and Chinese brands really have a long way to go.
This is also a reversing mechanism that encourages entrepreneurs and enterprises to have greater motivation to innovate and reform.
Improve the competitiveness of corporate products, serve Chinese consumers, and at the same time make contributions to the world.
" said the relevant person in charge of the Ministry of Finance.