Opportunities and market strategies for the sintered stone industry after the cancellation of US tariffs
With the cancellation or reduction of tariffs on some goods from China by the United States, the export of Sintered Stone from China has ushered in important opportunities. As a high-end building decoration material, rock plates were previously affected by a 25% tariff, and their price competitiveness in the US market was weakened. Nowadays, with the reduction of tariff barriers, how can Chinese sintered stone enterprises seize the opportunity and regain the US market?
The cancellation of tariffs will have multiple impacts
The impact on enterprises:
Cost reduction: Tariffs are one of the significant costs in cross-border trade. After the abolition of tariffs, the cost of imported goods will drop directly, and the operating costs of enterprises will also decrease accordingly.
Growth in trade volume: Cost reduction makes commodity prices more competitive and can stimulate market demand. Consumers' enthusiasm for shopping is high due to the decrease in commodity prices, which in turn leads to an increase in the order volume of cross-border trade and an expansion of the market size.
Supply chain optimization: The capacity that was previously transferred due to high tariffs may be reconfigured. If Chinese building materials products are subject to high tariffs, forcing enterprises to shift their production capacity to Southeast Asia, after the tariffs are reduced, Chinese photovoltaic enterprises may reevaluate their supply chain layout, and some production capacity may flow back.
Logistics efficiency improvement: The adjustment of tariff policies once led to an extension of the customs clearance process, affecting the logistics timeliness. After the tariffs are abolished, the customs clearance process is simplified, the delivery speed of packages is accelerated, the logistics efficiency is improved, and the consumer experience will also be enhanced accordingly.
The impact on consumers:
The price of goods drops: Tariffs are one of the important factors affecting the price of goods. After the elimination of tariffs, the price of imported goods will decrease, and consumers can purchase foreign goods at lower prices, thereby enhancing their purchasing power and living standards.
The variety of goods has increased: After the tariffs were abolished, the cost of imported goods has decreased. Importers can now more easily import some goods that were previously difficult to import due to high tariffs, thereby increasing the variety and choice of goods in the market and meeting the diverse needs of consume.