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China to lower import tariffs from January 1

China to lower import tariffs from January 1

Monday, December 23, 2019, 8:52 PM

China will lower tariffs on products ranging from frozen pork and avocado to some type of semiconductors next year, the finance ministry said, 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-favoured-nation tariffs, on over 850 products, said the finance ministry.
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