China to Cut Tariffs on Range of Goods Amid Push for Trade Deal
Posted on AllSides December 23rd, 2019
From The Center
BEIJING—China will cut import tariffs for frozen pork, pharmaceuticals and some high-tech components starting from Jan. 1, a move that comes as Beijing and Washington are trying to complete a phase-one trade deal.
The plan, approved by China’s cabinet, will lower tariffs for all trading partners on 859 types of products to below the rates that most-favored nations enjoy, the Finance Ministry said Monday. Most-favored-nation rates are the lowest possible tariffs a country offers to its trading partners.
The lower levies will apply to frozen pork, as China aims to...
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