In recent years, the global trade landscape has undergone profound changes due to a series of aggressive tariff sanctions imposed by the United States.
In order to maintain its advantageous position in the global industrial and trade chains, the United States unilaterally instigated trade disputes and implemented large-scale tariffs on Chinese goods. From daily consumer products to high-end manufacturing products, numerous categories were affected. The extensive scope and significant increase in tariffs have caused unprecedented shocks to Chinese goods exports. This not only led to a sharp rise in the prices of Chinese goods in the U.S. market, diminishing their long-standing price competitiveness, but also put many Chinese companies reliant on exports in a predicament of reduced orders and declining profits. Some companies were even forced to cut production and lay off workers, posing severe challenges to the development of China's export-oriented economy.
Against this difficult backdrop, on April 8, 2025, the State Administration of Taxation issued an important announcement, declaring the nationwide promotion of the 'Immediate Refund' policy for overseas travelers' shopping tax refunds. This policy aims to respond to changes in international trade and promote the development of China's consumer market. Through a return of approximately 11% value-added tax, it cleverly attracts American consumers and purchasing agents to procure goods in China, effectively offsetting the increased costs brought about by U.S. tariffs.
Taking the purchase of an Apple iPhone by an American as an example, after procuring it in China and utilizing the tax refund policy, the actual cost can be reduced by 17%. This significant price advantage has led to the formation of a new trade chain of 'China Procurement - Personal Carry - Resale in the U.S.'. U.S. tariffs have raised the prices of Chinese goods in the U.S. and reduced consumer purchasing willingness, while the tax refund policy attracts American consumers to shop in China. Data shows that this policy has been remarkably effective, driving a 67% increase in China's travel trade surplus in 20XX, strongly offsetting the decline in exports of certain goods due to tariffs. It is estimated that for every additional 10 billion in tax refund consumption, 34% of the export losses caused by tariffs can be offset.
This not only alleviated export pressure but also activated the domestic consumer market. By attracting overseas consumers to shop in China, it promoted domestic sales and increased income in China's service industry, driving the development of related industries such as tourism and dining. It provided new ideas and pathways for stabilizing economic development and optimizing trade structure in China amidst a complex international trade environment.
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