Supply Chain Research

The Chinese government has cut import duties on 1,449 products across 1,011 categories. The reductions are aimed more at consumer staples than luxury goods and do not appear to have a specific international trade-relations angle.  The cuts were equivalent to a reduction in duties to 7% from 15% and are worth $5.1 billion to Chinese consumers on the basis of $64.3 billion of imports in the 12 months to February 2018. The most valuable individual products are bakery doughs ($633 million of duty cuts) and mineral water ($282 million) while the largest broad categories are food / beverages (...