At the 5th China International Consumer Products Expo, discussions heated up over a controversial 145% import duty that US suppliers claim stifles commerce. In a recent interview with CGTN, LPG China CEO Kenny Liu stated, "145% import tax is totally unacceptable," highlighting major concerns over the steep barrier imposed on trade.
US suppliers have voiced their deep worries that such a high tariff not only limits market access but also restricts consumer choices in the health, beauty, and wellness sector. As a global leader in innovative technology for this industry, LPG China advocates for a more open market that can drive competitive growth and diverse options for consumers worldwide.
Liu’s remarks underscore a broader call among international business and tech enthusiasts for a balanced trade approach. By reducing excessive trade barriers, industry leaders hope to foster an environment that encourages innovation and a dynamic global marketplace, ultimately benefiting both suppliers and consumers.
Reference(s):
cgtn.com
