CHINA TO CUT IMPORT TARIFFS Pork and tech parts tariff cuts


China will cut tariffs from January 1st on hundreds of products ranging from frozen pork to high-tech parts next year, lowering trade barriers to support the economy.

The world’s second largest economy has typically used high tariffs to protect local industries.

Tariff rates on frozen pork are due to be lowered to 8% from 12% for some countries – as China struggles to cope with an outbreak of African swine fever.

The deadly disease has wiped out about half of the country’s pigs and dealt a heavy blow to the pork industry.

The lower tariffs will benefit many of its trading partners, including New Zealand, Peru, Singapore and Pakistan.