(Corrects number of items to 935, not 925, in last paragraph) BEIJING, Dec 29 (Reuters) – China announced on Monday tariff adjustments for some products beginning next year, including lowering the import duties on resource-based commodities such as recycled black powder for lithium-ion batteries. The country will also lower levies on medical products including artificial […]
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China to lower import tariffs on some products beginning 2026
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(Corrects number of items to 935, not 925, in last paragraph)
BEIJING, Dec 29 (Reuters) – China announced on Monday tariff adjustments for some products beginning next year, including lowering the import duties on resource-based commodities such as recycled black powder for lithium-ion batteries.
The country will also lower levies on medical products including artificial blood vessels and diagnostic kits for certain infectious disease, according to a statement by the Customs Tariff Commission of the State Council.
For 935 products, the provisional import tariff rates levied on them will be lower than the most-favoured-nation rates applied to all World Trade Organization member states, it added.
(Reporting by Beijing Newsroom; Editing by Jacqueline Wong)