Tariff cuts to benefit more than just consumers
THE MINISTRY OF FINANCE announced on its official website that the average tariff rates of 187 kinds of daily consumption goods will be temporarily lowered from 17.3 percent to 7.7 percent since Dec 1. Beijing News comments:
The tariff cut this time has received especially wide welcome among the people because it covers many daily consumption goods, ranging from food, home appliances, and clothing to make-ups. Besides, the tariff rates of some of the products, such as certain dairy milk and paper diapers, have been lowered to zero, which is good news to those who buy baby products overseas.
With lower tariff rates, people will pay less when buying these consumption goods. That's why the tax cut is widely praised as a move benefiting the people.