What will happen to cross-border e-commerce in 2019 under the Sino-US trade war?
Reviewing the passage of China-US trade in 2018
Beginning on March 22, the Trump administration announced "the imposition of a $ 50 billion tariff on Chinese goods due to intellectual property infringement and implementation of investment restrictions", which fired the first shot of the Sino-US trade war. On July 6, the United States began to impose a 25% import tariff on 818 categories of Chinese goods worth $ 34 billion on the first list. In response, China also imposed a 25% import tariff on US products of the same size on the same day.
On September 18, U.S. President Trump announced that he would impose a 10% tariff on 200 billion products produced in China. The tax rate will take effect on September 24. At the same time, the tax rate will be increased to 25 from January 1, 2019. %, This move will burn the Sino-U.S. Trade war to 2019.
On December 1, Chinese and American leaders attended the G20 summit in the Argentine capital and jointly stated that no more tariffs will be imposed from January 1, 2019, and negotiations between the two sides will continue.
National policies are frequently promulgated to support the development of cross-border e-commerce
Beginning on March 22, the Trump administration announced "the imposition of a $ 50 billion tariff on Chinese goods due to intellectual property infringement and implementation of investment restrictions", which fired the first shot of the Sino-US trade war. On July 6, the United States began to impose a 25% import tariff on 818 categories of Chinese goods worth $ 34 billion on the first list. In response, China also imposed a 25% import tariff on US products of the same size on the same day.
On September 18, U.S. President Trump announced that he would impose a 10% tariff on 200 billion products produced in China. The tax rate will take effect on September 24. At the same time, the tax rate will be increased to 25 from January 1, 2019. %, This move will burn the Sino-U.S. Trade war to 2019.
On December 1, Chinese and American leaders attended the G20 summit in the Argentine capital and jointly stated that no more tariffs will be imposed from January 1, 2019, and negotiations between the two sides will continue.
In 2018, the most significant event for the entire domestic cross-border e-commerce industry was the passage and publication of the E-Commerce Law on August 31. This means that the entire domestic e-commerce industry has sound regulatory support, which has greatly boosted the confidence of domestic cross-border e-commerce sellers. In addition, throughout the year, there are many policies that continue to show good results in cross-border e-commerce import and export.
On September 26, the Standing Committee of the State Council decided to reduce import tariff rates for 1,585 tax items from November 1. The Ministry of Finance and the State Administration of Taxation jointly issued the "Notice on Adjusting the Export Tax Rebate Rate of Certain Products", which indicates that starting from November 1, the export tax rebate rate of some products will be increased.
At the meeting on November 21, the Executive Committee of the State Council also decided to continue and improve the cross-border e-commerce retail import policy and expand the scope of application. The scope of products enjoying preferential policies has also been further expanded, and 63 tax items with large demand from the masses have been added. The single transaction limit has been increased from 2,000 yuan to 5,000 yuan, and the annual transaction limit has been increased from 20,000 yuan per person to 2.6 per year. Ten thousand yuan.
In addition, the good news of the industry frequently appeared at the import expo, Xi Jinping said: China will further reduce tariffs, improve the level of customs clearance facilitation, reduce the institutional cost of import links, and accelerate the development of new business models such as cross-border e-commerce.
Under the influence of the Sino-US trade war, the frequent efforts of national policies not only improve the domestic cross-border e-commerce industry regulations, but also strengthen the confidence of cross-border e-commerce sellers. With the standardization of the global cross-border e-commerce environment, it is necessary to keep pace with the times so as not to fall behind. Favorable policies and gradually improved industry rules allow domestic sellers to have a relative sense of security in the general environment.
During the Expo, domestic e-commerce giants, Alibaba, JD.com and NetEase also responded positively. Alibaba launched the “Great Import Plan” of US $ 200 billion over the next five years, and JD.com purchased nearly 100 billion yuan of imported branded goods. Netease announced a purchase plan of 20 billion yuan.
In 2018, the most significant event for the entire domestic cross-border e-commerce industry was the passage and publication of the E-Commerce Law on August 31. This means that the entire domestic e-commerce industry has sound regulatory support, which has greatly boosted the confidence of domestic cross-border e-commerce sellers. In addition, throughout the year, there are many policies that continue to show good results in cross-border e-commerce import and export.
On September 26, the Standing Committee of the State Council decided to reduce import tariff rates for 1,585 tax items from November 1. The Ministry of Finance and the State Administration of Taxation jointly issued the "Notice on Adjusting the Export Tax Rebate Rate of Certain Products", which indicates that starting from November 1, the export tax rebate rate of some products will be increased.
At the meeting on November 21, the Executive Committee of the State Council also decided to continue and improve the cross-border e-commerce retail import policy and expand the scope of application. The scope of products enjoying preferential policies has also been further expanded, and 63 tax items with large demand from the masses have been added. The single transaction limit has been increased from 2,000 yuan to 5,000 yuan, and the annual transaction limit has been increased from 20,000 yuan per person to 2.6 per year. Ten thousand yuan.
In addition, the good news of the industry frequently appeared at the import expo, Xi Jinping said: China will further reduce tariffs, improve the level of customs clearance facilitation, reduce the institutional cost of import links, and accelerate the development of new business models such as cross-border e-commerce.
Under the influence of the Sino-US trade war, the frequent efforts of national policies not only improve the domestic cross-border e-commerce industry regulations, but also strengthen the confidence of cross-border e-commerce sellers. With the standardization of the global cross-border e-commerce environment, it is necessary to keep pace with the times so as not to fall behind. Favorable policies and gradually improved industry rules allow domestic sellers to have a relative sense of security in the general environment.
During the Expo, domestic e-commerce giants, Alibaba, JD.com and NetEase also responded positively. Alibaba launched the “Great Import Plan” of US $ 200 billion over the next five years, and JD.com purchased nearly 100 billion yuan of imported branded goods. Netease announced a purchase plan of 20 billion yuan.
Start the development of global cross-border e-commerce
The development of economic globalization has made all countries have a closer relationship in the development of cross-border e-commerce. In terms of international organizations, the World Customs Organization has issued global cross-border e-commerce guidelines aimed at formulating unified standards for customs clearance and related data coordination, and promoting the reasonable development of e-commerce worldwide.
Ten members of the Association of Southeast Asian Nations (ASEAN) signed an e-commerce agreement at the ASEAN Summit in Singapore, and ASEAN became the first region in the world to sign an e-commerce agreement. The agreement promotes the facilitation of cross-border e-commerce trade, Southeast Asia creates a mutual trust environment for e-commerce applications, and further develops and strengthens e-commerce applications to promote regional economic growth and deepen cooperation among ASEAN countries.
The United States has also initiated procedures to withdraw from the Universal Postal Union. If a new agreement with the Universal Postal Union is not reached in the next year, the United States will withdraw from the Universal Postal Union procedure.
In this regard, Wish platform CEO Szulczewski pointed out that the United States' withdrawal from the Universal Postal Union has affected Shopify, eBay, AliExpress and other cross-border e-commerce platforms that use the US Postal Service. But relatively speaking, Amazon is less affected.
In many countries where cross-border e-commerce is mature, the scope of e-commerce tax collection is being promoted step by step. And some emerging countries' markets are not far behind. In addition to improving policies, they have also introduced policies to protect the domestic e-commerce market.
