The Ministry Of Commerce Will Not Lower The Import Tariff Of Luxury Goods &Nbsp, It Will Further Strengthen.

It is widely expected that the reduction of luxury tariffs will be a foregone conclusion. Luxury goods When they want to "keep" their prices by raising prices, the Ministry of Finance said publicly yesterday that it would not lower the luxury. Import duties Not only can not be reduced, but also should be further strengthened.

"There is no news about the reduction of luxury tariffs now, nor has it been considered in the near future." On the one hand, the Ministry of Finance explains that, on the one hand, lowering the tariffs on luxury goods can not affect the price of luxury goods, nor can it bring the luxury goods purchased abroad to the domestic demand. Since tariffs account for a very low share of the price of luxury goods, lowering the tariffs will hardly affect their retail prices. On the other hand, the reduction of luxury tariffs is driven by foreign economic growth, not China's economic growth. Because luxury goods are mostly foreign brands, both domestic and foreign purchases will not help to stimulate China's economic growth. Economics Structural adjustment is even more futile.

Unlike the position of the Ministry of finance, the Ministry of Commerce believes that lowering tariffs is a general trend in reducing import tariffs on luxury goods. Recently, Yao Jian, spokesman of the Ministry of Commerce, once again said at a regular news conference that lowering the import tariff of luxury goods is based on expanding consumption.

The intensive statement of the Ministry of Commerce has made the market generally expect that the import tariff reduction of luxury goods will be a foregone conclusion. Recently, a reporter's survey found that the price of some brand products including CHANEL (DIOR), and No.

"As the Ministry of Commerce and the Ministry of Finance consider the issue differently, the above two departments have different considerations in policy, but generally speaking, the Ministry of finance is the direct enacing body of various tax regulations, so the statement of the Ministry of Finance may be more powerful in reducing import taxes." Zhang Deyong, an Associate Research Fellow of the finance and Trade Institute of the Chinese Academy of Social Sciences, believes that lowering the import tariff of luxury goods is conducive to expanding the domestic consumer market, but at the same time, it will also impact domestic industries. The decision-making departments should weigh the two and decide whether to reduce import tariffs.