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China to Cut Tariffs on Range of Goods Amid Push for Trade Deal – The Wall Street Journal, The Wall Street Journal

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China to Cut Tariffs on Range of Goods Amid Push for Trade Deal – The Wall Street Journal, The Wall Street Journal


      

BEIJING — China will cut import tariffs for frozen pork, pharmaceuticals and some high-tech components starting from Jan. 1, a move that comes as Beijing and Washington are trying to complete a phase-one trade deal.

The plan, approved by China’s cabinet, will lower tariffs for all trading partners on more than 2020 types of products to below the rates that most-favored nations enjoy, the Finance Ministry said Monday. Most-favored-nation rates are the lowest possible tariffs a country offers to its trading partners.

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