Caixin
Sep 26, 2018 11:33 PM
ECONOMY

China Announces Tariff Cuts Amid Trade War With U.S.

China has lowered the average tariff rate to 7.5% from 9.8% last year. Photo: VCG
China has lowered the average tariff rate to 7.5% from 9.8% last year. Photo: VCG

China said on Wednesday it will cut tariffs on over 1,500 imported products to lower costs to consumers and businesses as the country’s trade war with the United States continues to deepen.

The tariff cuts, which will take effect on Nov. 1, will cover 1,585 items, including machinery, textiles and construction materials, the State Council said in a statement (link in Chinese) published on the government’s website.

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