China Buckles, More Winning for Trump: China will lower or remove import tariffs on a number of products starting in Jan. 2020.

“The Chinese government said it will cut import tariffs for goods including frozen pork, pharmaceuticals, paper products and some high-tech components starting from Jan. 1, according to a statement from the Ministry of Finance.”

www.bloomberg.com/news/articles/2019-12-23/china-to-cut-tariffs-on-goods-including-pork-tech-items?utm_content=economics&utm_source=twitter&utm_medium=social&utm_campaign=socialflow-organic&cmpid=socialflow-twitter-business&cmpid==socialflow-twitter-economics

China will lower import tariffs on over 850 products from January 1, finance ministry says

KEY POINTS

China will lower tariffs on products ranging from frozen pork and avocado to some types of semiconductors next year as Beijing looks to boost imports amid a slowing economy and a trade war with the United States.Next year, China will implement temporary import tariffs, which are lower than the most-favored-nation tariffs, on more than 850 products, the finance ministry said on Monday.That compared with 706 products that were taxed at temporary rates in 2019.

China will lower tariffs on products ranging from frozen pork and avocado to some types of semiconductors next year as Beijing looks to boost imports amid a slowing economy and a trade war with the United States.

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

www.cnbc.com/2019/12/23/china-will-lower-import-tariffs-on-over-850-products-from-january-1.html

 

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