Tariffs On Imported Bags Will Be Lowered Next Year, And Retail Prices Will Not Necessarily Decrease.

Yesterday, the Ministry of Finance announced that China will partially adjust import and export tariffs since January 1, 2016.

In 2016, we will moderately expand the scope of tax reduction for daily consumer goods, and reduce the import tariff rate with relatively high import tariffs and larger import demand elasticity.

Import duties of goods such as scarves, blankets, vacuum thermos cups, sunglasses and so on.

What is the intensity of the tariff reduction? The Ministry of finance has not yet disclosed it.

However, the industry speculated that the expected reduction would exceed 50%.

"In June of this year, the state also lowered tariffs on imported footwear such as shoes, skin care products and diapers. For example, the import tariff of diapers decreased from 7.5% to 2%, and the import tariff of skin care products decreased from 5% to 2%, on average, the drop was basically over 50%."

First, Mr. Liu, the head of trade enterprises, predicted that the adjustment should not be lower than last time.

On the basis of this tax cut, China has reduced its luggage and clothing in terms of consumer goods.

The import tariff of daily necessities such as skin care products, baby food and articles, kitchen utensils, tableware, spectacles, scarves, blankets and so on.

But compared with exports, Ningbo does not import much of these consumer goods.

Statistics on major import and export commodities released by the Ningbo Customs show that Ningbo's main imports are crude oil, electromechanical products and other resource commodities, while clothing, footwear and other consumer goods are the main export commodities.

For the public, the most concern is whether the tariff will drop, and the final selling price of the goods will not drop.

"In addition to considering the cost of goods, the terminal price of imported goods should also be considered in terms of international logistics costs, import link taxes, domestic sales costs and profits.

Among them, import link tax is only a small part, and import link tax can be subdivided into tariff, value-added tax and consumption tax. Tariff is the smallest part. "

Mr. Liu analyzed, for example, a set of Customs products of 1000 yuan of skin care products, after tax reduction, it is only pay less than 30 yuan tax.

Traders may not be able to reflect the decline in tariffs on terminal prices.