China Finds 706 Ways to Reflate the Economy Via Tariff Cuts — Panjiva


China Finds 706 Ways to Reflate the Economy Via Tariff Cuts

China 1758 Cons. Discr. - Autos 661 Cons. Staples - Food/Beverages 395 Energy - Conventional 272 Energy - Refined Oil 149 Industrials - Capital Goods 265 Info Tech - Tech Hardware 378 Materials - Metals/Mining 482 Metals - Copper 39 Tariffs 1169

The Chinese government has instituted a third round of import tariff reductions as part of wider efforts to reflate the economy. Imports of the 706 products covered will see an average reduction in tariffs to 2.5% from 6.6%. The aggregate value of tariff reductions – defined as import value in 2017 times tariff rate reduction – could be worth as much as $11.6 billion. The products targeted represent a wide range of industrial and consumer products. The largest tariff reductions in dollar terms include light fuel oils where rates have been cut to zero from 9.0%, reducing the burden to imp...

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