Many local foreign trade enterprises in China bear most of the tariffs. For example, an international clothing fair exports as much as 60% of clothing to China every year, and imports about 70%~80% of clothing raw materials from abroad. After the United States imposed tariffs on China, these garment foreign trade industries will have to pay more money to buy the same amount of things if they want to continue to import clothing related raw materials from the United States. Buying 1 10,000 clothing raw materials, the tariff alone may cost 1 10,000 to 200,000 or so, and the money directly goes into the pockets of Americans. China has also introduced countermeasures to impose tariffs on some American foreign trade enterprises.
Many people buy products, and the consignee also bears the corresponding tariffs, but the amount borne is relatively small and not obvious. China imports daily necessities and some commodities that people usually use from the United States every year, which are concentrated in some warehouses and then sold to the market. These tariffs cannot be borne by the relevant domestic departments alone, and all goods need to be increased before they can be listed for sale. For example, after the United States imposed tariffs on pork imported from China, the price of pork in China showed an obvious upward trend, reaching a catty in 30 yuan at the highest time. These duties are paid by every consumer.
Generally speaking, after imposing tariffs on a country, it will not only cause economic pressure on its financial sector, but also cause many negative effects on the economic life of its residents. However, when the overall commodity prices rise, a country's economy may fall into a slow development stage.