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China Lower Textile and Electronic Rates 20 Percent PDF Print E-mail
Written by Maizer   
Tuesday, 09 April 2019

Beijing and Washington beat each other rates more than USD360 billion in two-way trade, in their trade dispute. While Europe, recently indicated it would bring China to an alleged unfair trade policy.

 

Facing world supervision of its trade practices, the Chinese Government today, announced that it will reduce tariffs on several consumer goods

 

"The level of Chinese tariffs for imported goods such as books, computers, food, furniture and medicine will drop to 13 percent starting Tuesday," said the State Council's China Tariff Commission.

 

According to the official Xinhua news agency, these items have been taxed at a rate of 15 percent. Other taxes on imported goods such as sporting goods, fishing equipment, textiles, electronic equipment and bicycles will also be reduced to 20 percent from 25 percent.

 

Meanwhile, EU leaders will meet Chinese Prime Minister Li Keqiang this week at the summit in Brussels. However, their hopes of winning a strong commitment to the trade seemed disappointing.

 

Afterwards, President Donald Trump said on Friday that talks with Beijing to end the trade war between the world's two main economies were predicted to be unsuccessful.

 
		
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