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China to lower import tariffs on some products from Jan 1 | Malay Mail

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BEIJING, Dec 23 — China will lower tariffs on products ranging from frozen pork and avocado to some type of semiconductors next year, the finance ministry said, as Beijing looks to boost imports amid a slowing economy and a trade war with the United States. Next year, China will implement...

Containers are seen at the Yangshan Deep Water Port in Shanghai, China August 6, 2019. — Reuters pic

Next year, China will implement temporary import tariffs, which are lower than the most-favoured-nation tariffs, on over 850 products, said the finance ministry. That compared with 706 products that were taxed at temporary rates in 2019.

 

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