Hey friends! Have you ever wondered why some products are more expensive than others? 🤔 Sometimes it’s because of something called an “import tax.” That’s a fee added to products brought in from other countries.
Recently, Kenny Liu, the CEO of LPG China, shared his thoughts. LPG is a company that makes health and beauty products. At the 5th China International Consumer Products Expo, he mentioned that a 145% import tax can make things really pricey! 😮
He explained that when taxes are very high, it can be tough for companies to offer their products in different places. This means we might have fewer choices when we’re shopping. Kenny Liu hopes that markets can be more open so we all have more options. Sounds awesome, right?
What do you think? Would you like to see more cool products from around the world when you shop?
Reference(s):
cgtn.com
