The Decline In Tax Rates Has Led To The Impact Of Domestic Clothing Brands.

Xue Shengwen, a senior researcher at CIC, told reporters: "if the import tariff of skin care products, clothing and other daily necessities decline, the listed companies that can benefit from it are mainly retail companies, such as

Wangfujing department stores, Maui international and Yintai business will reduce import tariffs on daily necessities.

Spend on domestic retailers. "

According to a press survey, the tariff reduction products since June 1st are mainly products of textile and garment enterprises.

Among them, the import duty of fur clothing decreased from 23% to 10%; the import tariff of Kashmir goats fine knitted or crocheted jumpers decreased from 14% to 7%; the import tariff of fur made men's coat, cloak and similar products and fur made women's coat, cloak and similar products decreased from 16% to 8%; the import tariff of gross men's suits and women's suits was reduced from 17.5% to 10%.

At the same time, footwear products have also become the focus of this tariff reduction, such as other rubber and plastics.

Import tariffs of five categories of shoes, such as ankles, decreased from 24% to 12%, while the import tariffs for other footwear imported from textile materials decreased from 22% to 12%.

In addition, the import tariff of diapers was reduced from 7.5% to 2%, and the import tariff of skin care products decreased from 5% to 2%.

From the above, the import tariff reduction is more vigorous, with an average reduction of 50%, and some tariff falls even more than 50%.

According to the announcement issued by the Customs Department of the Ministry of finance, the adjustment is aimed at improving the import and export policies of consumer goods, enriching the shopping choices of domestic consumers, and launching a pilot scheme to reduce import tariffs on some consumer goods with large demand for domestic consumers.

It is understood that clothing, footwear, skin care products, diapers and other commodities have a large volume of overseas consumption and a strong consumer desire to purchase. Lowering tariffs should help to increase imports reasonably and meet the diverse and personalized consumption needs of consumers.

Prior to the executive meeting of the State Council held in April, it was pointed out that foreign consumer goods with a large demand for domestic consumer goods will be launched by the end of June this year to reduce import tariffs and gradually expand the scope of tax reduction products.

At the same time, we will combine the tax reform to improve the consumption tax policy of consumer goods such as clothing and cosmetics, and adjust the scope of Taxation, tax rate and collection link.

Xue Shengwen believes that the way to deal with domestic companies is to strengthen innovation, improve technology and make progress in quality; two, improve product marketing level and expand brand influence; three, control production costs and increase profit margins.

Although some foreign products reduce tariffs, they will have a greater impact on domestic related enterprises, but this can also force domestic enterprises to upgrade.