BloombergChina cut import tariffs on a wide range of goods, including food, consumer items and parts for manufacturing smartphones, continuing Beijing’s drive to lower trade barriers and spur domestic demand. The Chinese Ministry of Finance yesterday published a list of 859 types of products that will enjoy tariffs lower than the standard rates for this year. China is to cut pork import tariffs to 8 percent from 12 percent Wednesday next week, the ministry said. Since 2017, China has been cutting import tariffs on consumer goods including wine, baby products, whiskey and seafood, items that remain on the expanded list for next year. The list allows lower tariffs on goods coming from WTO members.

Source: Taipei Times December 23, 2019 15:56 UTC