First, the most direct impact is an increase in export costs and a decrease in profits. For example, the tax rebate rate of some mechanical and electrical products, clothing and cotton textiles, which account for a large proportion of China's export trade, has dropped from the current 17% to 13%, a decrease of 4 percentage points. For every reduction of 1 percentage point, the export cost will increase by 1%, which means that the production cost of enterprises producing mechanical and electrical products and cotton textiles and garments will increase by 4%. Although export enterprises can partially offset its impact by raising product prices, the increase in export product prices will bring about a decline in international competitiveness and ultimately affect foreign trade exports.

Second, it has a great impact on enterprises that sell their own export business and traditional low value-added goods and products to underdeveloped areas. These enterprises are small in scale, with low profits, and some still rely on export tax rebates to maintain them. However, after the tax rebate rate is lowered, the product cost will increase and the competitiveness will decrease, which will lead to the transformation or closure of some enterprises, which will inevitably lead to new unemployment and laid-off workers and bring a burden to society. Some small and medium-sized export enterprises that only rely on price wars are in danger of being kicked out. At the same time, it has different degrees of influence on the profits of upstream suppliers and downstream sales links of export enterprises, and the specific influence depends on the weight of enterprises in commodity supply and circulation.

Third, enterprises are in a dilemma on the issue of price increase. On the one hand, some enterprises are planning to increase the transaction price to offset the impact of the reduction of export tax rebate, but on the other hand, they will face the risk of losing orders and markets, which will put enterprises in a dilemma.

Fourth, after 25% of the export tax rebate is borne by local governments, new local protectionism and domestic market segmentation may occur. Because it is impossible for export enterprises to collect all the upstream value-added tax of export products, but to bear the export tax rebate. In this case, local governments, starting from their own interests, either restrict exports or default on export tax rebates, the result will be a heavy blow to the export enthusiasm of enterprises.

Fifth, it will also have a certain impact on overseas buyers' purchasing plans in China. The fact is, all overseas buyers don't want to raise prices, but what they are facing now is just the problem of re-fixing prices with suppliers. Most small and medium-sized buyers sign the bill early to avoid the pressure brought by the price increase.