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I tried to buy my $2.50 Old Spice deodorant in Shanghai. The price tag when translated to dollars was over $8. If you are ever in China, go into a grocery stor
by drak0n1c 7y ago
I tried to buy my $2.50 Old Spice deodorant in Shanghai. The price tag when translated to dollars was over $8.
If you are ever in China, go into a grocery store and look at the aisles. The main reason why American products are priced at 200%-300% the competition is because of tariffs. Tariffs designed to make ordinary middle class American products only affordable by rich elites. It's a very effective cap on market share.
- DiogenesKynikos 7y agoI have no idea why Old Spice is expensive in Shanghai, but 200-300% tariffs are not the norm in China. The mean tariff is under 4%, according to the World Bank. I have noticed, however, that many people in China people hold foreign brands in high regard, and are willing to pay a premium for them. 1. https://data.worldbank.org/indicator/TM.TAX.MRCH.WM.AR.ZS?locations=CN https://data.worldbank.org/indicator/TM.TAX.MRCH.WM.AR.ZS?lo...
- akfanta 7y ago> I tried to buy my $2.50 Old Spice deodorant in Shanghai. The price tag when translated to dollars was over $8. This particular case is likely because the usage of deodorant is not a thing in China. The majority of East Asia doesn't have the body odor issue. It's a gene thing.