China’s foreign ministry said it will cut the import tariff on cosmetics, and some medical and health products, to 2.9 per cent from 8.4 per cent from July 1. Photo: EPA

China to halve import tariffs on 1,500 consumer products from July 1

Average duty to fall to 6.9 per cent from 15.7 per cent, with tariffs on drugs, including penicillin, cephalosporin and insulin, set to be slashed to zero

Topic |   Trade

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China’s foreign ministry said it will cut the import tariff on cosmetics, and some medical and health products, to 2.9 per cent from 8.4 per cent from July 1. Photo: EPA
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