It is reported that no imported tariffs have been imposed on imported furniture in the past 6 years, but this era of "zero tariffs" will soon end. China ’s General Administration of Customs recently issued Regulation No. 15 of 2012, which clearly stipulates that “solid wood furniture, leather furniture, rattan, bamboo furniture, and other furniture will be subject to a 10% import tariff, effective April 15, 2012.â€
Recall that at the beginning of last month, the import tariff of New Zealand milk powder was restored from 5.8% to 10%, which immediately triggered a collective price increase of over 10% for imported milk powder such as Nestle and Mead Johnson. Now that the tariff on imported furniture will be raised from zero to 10%, will it trigger a collective price increase for imported furniture ?
"We have received the price increase notice, and the price will be adjusted on April 15 by about 15%," an imported furniture distributor Mr. Zhang told reporters.
It is reported that many raw materials of the imported furniture are imported from Germany, Italy and other countries, and the import ratio is as high as 80%. "The tariff increase of 10% will have a great impact on furniture manufacturers that rely on foreign imports for most of our materials. Our price increase will be up to 15%." Mr. Zhang said.
However, in the course of the reporter's interview, some brands said that even if the import tariffs are raised, product prices will not change in the near future. "It will take time for the tariff increase market to digest, and manufacturers will not adjust prices for the time being," another imported furniture dealer said: "But half a year or a year later, the impact of the tariff increase will become apparent. Significant price increases. "
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