Recent News

Company News

Location:Home > News & Resources > Company News

What is the impact of tariffs on ordinary people?

Date:2019-01-11 Hits:184

      Since Trump raised the bar of trade war in the world, countries all over the world have been fighting against Trump's imperious behavior at different levels. China, as one of the countries most affected by trade protection measures, is also deeply affected by this mercantilist policy of trade protection. Now the country has finally begun our counterattack. With the approval of the State Council, the Tariff and Tax Commission of the State Council decided to suspend the duty of tariff concessions on some imported goods originating in the United States, which will come into effect on April 2, 2018. So how does the implementation of these tariffs affect your life and mine? Let's analyze them one by one.

      What is the impact of tariffs on the lives of ordinary people?

      From an economic point of view, any macroeconomic policy facts will have an impact on the economic life of micro-individuals, but what kind of impact this impact will have on our life is worthy of our attention. It is the so-called: the sound of wind, rain, reading, the sound of the ears, state affairs, family affairs, everything in the world. We should also understand the impact of these adjustments on our daily life in the process of understanding the strategic adjustment of countries. Therefore, we have carefully analyzed the situation before and after the imposition of tariffs, and every detail of the imposition. We have found some items closely related to our daily life in 120 import tariffs for specific analysis. A careful study of the 120 items of tax shows that basically all the tariffs imposed are concentrated in the fields of agricultural products, steel and other metal products and petroleum products. Therefore, we will look for some items that will have an important impact on our daily life for analysis.

       First, the era of rising pork prices is coming. Pork is undoubtedly the most important thing from the point of view of the tariff-added products. The Chinese people open seven things: firewood, rice, oil, salt, soy sauce, vinegar and tea. According to media reports, the average price of live pigs in major producing areas in China is 10.72 yuan/kg, up 0.14 yuan/kg from last Friday. The average price of live pigs is 11.4 yuan/kg in Zhejiang, and 10.0 yuan/kg in Heilongjiang. In fact, the price is still in a policy range. However, the impact of the tariff imposed by the state on imported pork and its products from the United States on the overall pork market in China is that the price of cheap pork from the United States will rise, which in a sense will lead to the increase of the demand for domestic pork consumed by the Chinese people, thus increasing the price of Chinese pork. So in the short run, Affected by tariffs, domestic pork prices may rise further. Pork, as the main necessities of our life, may be one of the greatest impacts on our lives.

        Second, people may have to change places to buy wine. In the tariff, the second biggest impact is estimated to be wine, but the rise in the price of American-made wine has little impact on China. This is because in the eyes of Chinese people, American-made wine is not the mainstream of wine. From Chinese consumption, we can see that wine mainly comes from two places, one is domestic grapes. Liquor, similar to domestic wineries, the other is European wine, which is dominated by French wine, so for Chinese people, the most is that people buy wine to change places, little impact on daily life.

       Third, China's fruit and agricultural producers are good. Because most of the tariffs imposed are agricultural products, it is a big advantage for Chinese growers. This is because the United States is a country where mechanized large-scale production is very popular. The competitiveness of American agricultural products in the world is very strong. Under the impact of strong agricultural products in the United States, agricultural products in many agricultural countries are lack of scale. Economic benefits often do not have enough market competitiveness. To some extent, the tariff imposed on American agricultural products is the protection of Chinese agricultural products. Then Chinese agricultural industry practitioners should seize this opportunity to really improve their production efficiency through their own efforts, to truly turn the crisis into an opportunity, and to upgrade Chinese agricultural industry.

      Fourthly, the family life of most Chinese people is basically unaffected. Generally speaking, the tariff will not affect the food supply and demand, because the scope of the food will not be very large, and the fruit which accounts for the largest proportion is the products sold in China at a higher price. Consumers can easily find cheaper alternatives than this price, so it will not have a greater impact on the Chinese people's lives, but for China's water. For fruit producers, the imposition of tariffs on American fruits, in a sense, makes Chinese consumers more demanding on the quality of domestic fruits. Therefore, it is a process to promote the upgrading of Chinese fruits industry, which is not only a bad thing, but also a good thing for Chinese fruits industry.

       Generally speaking, the impact of the tariff increase on Chinese people's lives is not great, but for most affected industries, the tariff increase is to some extent the formation of industrial protection, which has a very important positive significance for grasping the rare market opportunity period, so as to achieve industrial transformation and upgrading, and I hope that all industry participants can really Recognizing this, we can realize our true development.


Vietnam Connector Factory is a company specializing in the development, design, manufacture and sale of needle-row connectors, USB 2.0 data lines, USB 3.0 data lines, Type C data lines, network lines, data lines and other connection lines. It has a complete and scientific quality management system, which has passed the certification of ISO9001 international quality management system; National Consulting Hotline: 86-755-88210101-3,