my country will lower import tariffs on clothing, shoes and hats from now on
The State Council executive meeting held on the 30th decided to reduce import tariffs on daily consumer goods on a large scale to better meet the diversified consumption needs of the people.
This is another important measure to continue to expand opening up and meet the needs of the people after my country has reduced automobile import tariffs to a considerable extent.
The meeting pointed out that further reducing import tariffs on daily consumer goods will be conducive to expanding opening up, meeting the needs of the masses, and forcing product quality improvement and industrial upgrading. The meeting decided that starting from July 1 this year, the average import tariff rate on clothing, shoes, hats, kitchen and sports and fitness products will be reduced from 15.9% to 7.1%; the average import tariff rate on household appliances such as washing machines and refrigerators will be reduced from 20.5%. 8%; the average import tariff rate on processed foods such as aquaculture, fishing aquatic products and mineral water will be reduced from 15.2% to 6.9%; the average import tariff rate on detergents, skin care, hairdressing and other cosmetics and some medical and health products will be reduced from 8.4% % dropped to 2.9%. Relevant departments must implement tax reduction measures to prevent intermediate links from increasing prices to make profits, so that consumers can benefit and the competitiveness of domestic industries can be improved.
Zhang Lianqi, member of the Standing Committee of the National Committee of the Chinese People’s Political Consultative Conference and managing partner of Ruihua Accounting Firm, believes that this is not only in line with the direction of upgrading the consumption of our country’s residents and meeting the people’s growing needs for a better life, but also is conducive to attracting consumption back and keeping consumption in the country, providing a Increasing the people’s sense of happiness and gain provides a strong “trade impetus.” (Title: my country will reduce import tariffs on clothing, shoes and hats from July)
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