Japan Also Follows Suit To Raise Taxes And Fees, And Chinese Clothing Export Sellers Are Being Reshuffled By A New Round.

Recently, the news of the US state governments' consumption tax on cross country sales of electronic business has attracted the attention of all parties.

Recently, Japan and other countries have been eager to adjust the tax adjustment of electricity providers.

When global trade wars start, Chinese sellers lose competitiveness in the US?

US Commerce Secretary Ross announced in May 31st that the United States will impose 25% and 10% tariffs on steel and aluminum products from the European Union, Canada and Mexico in June 1st.

In July 6th,

Tariffs on Chinese goods worth 34 billion US dollars are officially started.

In response to the US series of measures, the EU, Canada, China and Mexico have retaliated tariffs on US goods.

These retaliatory tariffs are mainly targeted at agricultural, food and beverage products in the United States, because in addition to cars, the United States does not export much of its products.

European Union

As a counter measure to impose tariffs on steel and aluminum products in the United States, the European Union imposed a 25% tariff on 2 billion 800 million euros (US $3 billion 200 million) in June 22nd, including Harley motor.

In order to avoid tariff retaliate from the EU, Halley Harlay Davidson Inc announced in June 25th that the product line for EU countries should be pferred to factories outside the United States.

In addition, other products of EU taxation include

Orange juice, tobacco, whisky and peanut butter.

Many of the EU's tariff policies are targeted at food and beverages, which Europeans usually do not buy from American sellers. Therefore, the EU's retaliatory tariffs may have limited impact on the US e-commerce sellers who sell products to EU countries.

Canada

In the face of American provocation, Canadian tariffs were introduced in July 1st, and tariffs were imposed on US exports of about $12 billion 500 million.

In addition, Canada has imposed a 25% tariff on more than 40 kinds of American exports of iron and steel products, and has imposed a 10% tariff on about 80 other American products, including maple syrup, coffee beans and jam.

These tariffs have a direct impact on the sales of American sellers, mainly because sellers of food products are affected.

Trump is considering tariffs on imported cars and parts in Canada.

Car trade between Canada and the United States is valued at $140 billion a year.

The automobile industry is a highly integrated industry. Parts produced in a country are usually assembled into cars in another country.

Canada said that if the United States imposed such tariffs, it would lead to a reciprocal tariff response.

However, this incident will not directly affect the majority of e-commerce sales.

Mexico

In retaliation for the United States to increase tariffs on Mexico's steel, Mexico imposed a 20% tariff on us products worth nearly $3 billion.

The government of Mexico took action in June 5th to cancel preferential tariffs on certain products in the North American Free Trade Agreement (NAFTA), including pork, potatoes and whiskey in the United States.

Mexico has imposed a 25% import duty on American pork.

Other US agricultural products, including apples, cranberries and cheese, and some steel products in the United States are listed on the tariff list. Most of the products on the list will be subject to tariffs of 15% to 25%.

These tariffs do not significantly affect American businesses' sales to Mexico, because products that are imposed on Tariffs in Mexico are not usually purchased online.

China

So far, the United States has imposed tariffs on Chinese exports worth 34 billion US dollars.

Most of these are American companies buying industrial components from China and assembling them into finished products in the country, most of which belong to the United States.

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Trump even threatened to impose tariffs on China's $200 billion export product, and said he was willing to levy taxes on all exports of US $505 billion (up to 2017).

This will extend far beyond the scope of the industrial supply chain and extend to automobiles and finished consumer goods.

As a counterattack, China has imposed a 25% tariff on US exports of agricultural products, especially pork and soybeans.

Before that, China buys about 60% of us exported soybeans annually, worth about 12 billion 400 million US dollars.

At present, China is buying soybeans from Brazil.

Because Americans buy large quantities of consumer goods made in China, including clothing and consumer electronics, if the US continues to levy taxes on all Chinese imports, cross-border electricity providers will be greatly negatively affected.

For us consumers, China's products will become more expensive, because businesses are unlikely to digest the cost of rising sharply alone.

In addition, it is beginning to attract American consumers.

And China's e-commerce companies, such as Jingdong, will also be affected by the negative impact of tariffs.

If American goods are affected by potential retaliatory tariffs in China, the competitiveness of American e-commerce sellers sold in China will be greatly reduced.

Luxury goods dealers will be more relaxed because they usually do not use Chinese raw materials.

In 2017, the United States exported $130 billion worth of goods to China. This is a very important figure, which is about 1/4 of the value of China's exports to the United States.

Compared with other countries involved in trade wars, China has more bargaining chips.

Despite the crumbling of Sino US relations in the trade war, China has US $1 trillion worth of US Treasury bonds, the largest overseas creditor in the United States.

If the Federal Reserve stops buying new bonds or selling bonds, it will trigger higher yields and pressure on the US government's debt burden.

The Chinese government may also increase the difficulty of American businesses in China and impose stricter supervision on them.

Japan will raise taxes and fees? China's export sellers will face a new round of shuffle.

Recently, a number of Amason sellers from Japan said to the net that they had received an email notice about "related reports on consumption tax amount and MWS API specification changes". The contents indicated that in order to facilitate the sellers, and in response to future tax and fee reform, the platform will change the website specification to start showing the amount of consumption tax. Currently, the plan will start to standardize the changes in August 30, 2018, and if there is any time change, it will inform the seller.

(seller screenshot)

The news came as a result of different opinions among the sellers. How much impact will Japan have on tax adjustment? What will happen to the Chinese export enterprises? What will happen to the cross-border electricity supplier in the future?

Japan's tax adjustment is mainly used for education, and the stations are following the sellers.

In fact, as early as the beginning of August 2017, Japanese Prime Minister Abe Shinzo had made clear in October 2019 that the consumption tax in October 2019 would be raised from 8% to 10%.

According to the cross border of Guangdong Province

Association Zhang Jiong introduced that Japan's next consumption tax increase is aimed at all.

This includes online, offline, import and domestic businesses, which are all equal to the electricity supplier industry. There is no need for Chinese sellers to worry too much. "According to what I know is mainly for supporting education, Japan is also a country that attaches great importance to education, and it is also supported by the majority of Japanese people." 2% of the Japanese consumer tax has been raised.

This shows that there is little impact on Chinese enterprises exporting products to the Japanese market. "

He said.

"On the contrary, the increase of Japan's consumption tax will increase tax costs to some extent to Japan's imports to China. The cost will increase for importing electronic business platforms, Japan's sea and Japanese tourism, but if Japanese products are exported to other countries (not sold in Japan), there is no need to pay consumption tax."

Wang Suxiang suggested that enterprises should go out to sea and seize the throat of trade through logistics.

Take the Japanese market as an example, an enterprise can register a company in Japan, and then send a large number of goods to the local area through general trade. It will be stored in overseas warehouses. After local buyers buy them, they will deliver them locally, and the speed will become faster. By way of B2B, they can open up a larger market, and at the same time, they can also evade the problems that may arise in all kinds of B2C links.

To sum up, "in the face of increasingly severe global tax regulation situation and more intense market competition environment, it is more tested that there are real sellers who sell live ammunition. Chinese sellers need to take the opportunity to adjust, innovate and practice, and actively respond."

Wang Suxiang said.