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  HOME | Business & Economy (Click here for more)

China to Reduce Tariffs on Select Imported Consumer Goods

BEIJING – The Chinese Ministry of Finance announced on Friday the reduction of import tariffs on select consumer goods from 17.3 percent to 7.7 percent on average to diversify the supply of foodstuffs or textiles for domestic use.

The measure, which comes into effect on Dec. 1, will affect a total of 187 types of products, including clothing, shoes, domestic appliances, medications and entertainment items, the ministry said on its website.

Tariffs will be reduced to zero for some types of milk powder for babies and diapers, according to Chinese authorities.

In 2015, China began to reduce tariffs to allow rising imports of consumer goods to meet the high domestic demand.

The measure came after the visit to China of US President Donald Trump and following the US’ complaint of the trade barriers that limit the sale of foreign products in China.

 

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