At the 5th China International Consumer Products Expo, LPG China CEO Kenny Liu voiced strong disapproval over a staggering 145% import duty. During his interview with CGTN, Liu pointed out that such high tariffs are weighing down US suppliers and limiting consumer choices in the booming health, beauty, and wellness tech arena.
This issue hits close to home for young professionals and tech enthusiasts across South and Southeast Asia, where innovation and competitive pricing drive everyday purchasing decisions. High import taxes can mean fewer options on the shelves and higher costs, threading into a larger discussion about market accessibility and fair trade.
Liu urged that markets open up to create a better, more diversified shopping experience for consumers. When barriers are lowered, competition heats up, pushing companies to innovate and offer more affordable, cutting-edge products—a win-win for businesses and buyers alike. 🚀
As global trends continue to reshape technology and lifestyle, calls for reducing tariff hurdles remind us that open markets are key to a thriving, dynamic future.
Reference(s):
cgtn.com
