Sunday, 22 December 2019

China to cut import tariffs on a range of products starting January 1

china tradeAP Images

  • China on Monday morning announced that it would cut import taxes on a range of products starting January 1, 2020. 
  • The move does not appear to be directly related to ongoing trade war talks with the US. 
  • The goods will include frozen pork, pharmaceuticals, paper products and some tech components, Bloomberg said, citing a statement from the Ministry of Finance.
  • Visit Business Insider's homepage for more stories.

China on Monday morning announced that it would cut import taxes on a range of products starting January 1, 2020. 

According to state news agency Xinhua, China's Customs Tariff Commission of the State Council said the move is aimed at promoting a "high-quality development of trade." 

See the rest of the story at Business Insider

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