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China Cuts Coal Import Tariffs to Zero to Increase Supply

  • Tariffs of 3%-6% will be reduced from May 1 to end of March
  • Move could further tighten coal market and push up prices
Updated on

China will cut import tariffs for coal to zero from May to the end of March to help guarantee energy supplies, the Ministry of Finance said in a statement

Current tariffs range from 3% to 6% depending on the type of coal, the ministry said in a statement dated April 26 and posted to its website Thursday. China’s coal imports are down 24% through the end of March this year as global prices have soared.