Import tariffs on daily necessities are reduced by 50% to see what is cheaper.

Update:10-08-2018
Summary:

After the implementation of the new tariff policy, impo […]

After the implementation of the new tariff policy, importing a car with a CIF price of 240,000 and a displacement of 2.5~3L, the total amount of tax paid can be reduced by 34,300, while buying a bottle of imported perfume with a CIF price of 300 yuan. Considering other factors such as vendor price adjustment, the price can be reduced by 38.2 yuan.

The Ministry of Finance announced on May 22 that it will reduce the import tariffs on the entire car and parts, and the tax rate will drop from 25% to 15%. On May 31, the State Council announced that it would reduce import tariffs on 1,440 consumer goods, a decline of more than 50%. The new tariff policy will be implemented on July 1 this year.

Statistics show that last year China imported more than 1.2 million vehicles, with a total amount of 51 billion US dollars. The total overseas consumption of citizens also reached a record high of 2.3 trillion yuan, equivalent to 6.3% of the total retail sales of consumer goods in China.

After the tariff adjustment, tariffs on imported cultured and caught aquatic products, processed foods and daily chemical products fell by 65%, and tariffs on infant and young children's products (including milk powder and diapers) fell the most, exceeding 70%. In addition, import tariffs on medium and high-end consumer goods have also been lowered, and the tariff rate for wine has dropped from 65% to 14%.

After the implementation of the new tariff policy, importing a car with a CIF price of 240,000 and a displacement of 2.5~3L, the total amount of tax paid can be reduced by 34,300, while buying a bottle of imported perfume with a CIF price of 300 yuan. Considering other factors such as vendor price adjustment, the price can be reduced by 38.2 yuan.