A tax rise on ceramic goods will add 17.5% -58% to the dockside import costs of goods from China.
The move that has been widely condemned as anti free trade by EU member states but the tax has ALREADY come into pace, and it did so at 24 hours notice.
As some one who imports, sells and distributes Chinese ceramic and cookware goods I can only remark *****!! I mean, what the ****!
As the British Retail Consortium says
These new duties will feed through to higher prices in stores. And, because China mainly supplies the value end of the market, they will deny less well-off customers access to affordable crockery.
Exactly. just why the EU has decided to force up the price of cookware, plates, mugs, gifts, moneyboxes, teabag holder, fridge magnets and coasters is a mystery. they fear that China is 'dumping' goods on the EU at low or nil profits. Why the Chinese would bother isn't explained. to kill off all the ceramic firms in Europe, perhaps?
The EU market for ceramic tableware and kitchenware is worth €1.5bn. Half of that (€730m) comes from China, said the commission. In volume terms, 80% of all the EU's imports of ceramic tableware come from China.
So, from January, once existing stocks are exhausted expect a very large price rise.
This will happen. In 2008 the EU added 50% to the import price of candles. The BRC ran an almost identical article to their current one. And they were right. The price of candles rose to a point where they aren't worth stocking.
In 2007 BQ industries used to carry 20+ varieties of Christmas candles at £2 - £5 a go.
This year, just 1. And that is priced a bit too high for comfort at £5.95 for a small candle. So we have a tiny, tiny holding.
We don't buy dearer French or Belgium candles instead of Chinese ones. We just don't buy candles full stop. We won't buy high priced mug and coaster gift sets either. People won't buy them.
We'll stock something else.
The surprise is that the EU has the right to increase taxes, for up to 5 years, by any amount it likes, without majority member consent. While you're over there Dave, maybe look into this unnecessary inflation adding rise in homewares?