Tariffs, along with anti-dumping and countervailing duties, are tools in the protectionist trade policy armoury, but their functions and applications differ. Photo: EPA-EFE
Tariffs, along with anti-dumping and countervailing duties, are tools in the protectionist trade policy armoury, but their functions and applications differ. Photo: EPA-EFE

China to lower import tariffs on 883 products including medical and hi-tech equipment

  • China will implement temporary import tariffs, which are lower than the most-favoured-nation tariffs, on 883 products, up from 859 products taxed at temporary rates in 2020
  • The tariff changes are made to satisfy domestic demand and boost the technology development of Chinese industries so that a “great circulation” of the domestic economy will be formed

Topic |   China tariffs
Tariffs, along with anti-dumping and countervailing duties, are tools in the protectionist trade policy armoury, but their functions and applications differ. Photo: EPA-EFE
Tariffs, along with anti-dumping and countervailing duties, are tools in the protectionist trade policy armoury, but their functions and applications differ. Photo: EPA-EFE
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