China to cut tariffs on pork, tech from list worth $389 bn

AKIPRESS.COM - China cut import tariffs on a wide range of goods including food, consumer items and parts for manufacturing smart-phones, continuing Beijing's drive to lower trade barriers and spur domestic demand, Bloomberg reports. 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.
In 2018 imports of the listed items totaled some $389 billion, or about 18% of China's total imports of $2.14 trillion, according to Bloomberg calculations.