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China to Cut Tariffs on Pork, Tech From List Worth $389 Billion

  • Government says move aims to support domestic consumption
  • Items used in smart-phone production among those on list
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China to Cut Some Tariffs From Jan. 1
Updated on

China cut import tariffs on a wide range of goods including food and parts for manufacturing smart-phones, continuing Beijing’s drive to spur domestic demand and demonstrating its desire to open its economy as it pursues a trade deal with President Donald Trump.

The Ministry of Finance on Monday published a list of 859 types of products that will enjoy tariffs lower than the standard rates for this year. It included frozen pork as a key item aimed at alleviating shortages of the meat due to the outbreak of African swine fever.