China lowers tariffs on imported goods, including textiles
2019-04-11 Read[1977]

China's tariff rate on import of books, computers, food, furniture and medicines will drop to 13 per cent from 15 per cent starting April 9, the Chinese State Council's tariff commission announced. Tariffs on other imports like sporting goods, fishing supplies, textiles, electronic appliances and bicycles will also be lowered to 20 per cent from 25 per cent. 

The move is reportedly perceived as part of Beijing’s response to major trading partners that are challenging itstrade practices, according to global news wires. 

President Donald Trump last week said talks with Beijing were making progress toward ending the trade war between the two nations. 

US trade representative Robert Lighthizer and treasury secretary Steven Mnuchin discussed trade issues with a Chinese delegation led by vice premier Liu He from April 3 to 5 in Washington, DC. (DS)

 

Fibre2Fashion News Desk – India

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Texpro Precision Technology (Guangdong) Co., Ltd., was founded in 2010, located in National High Technology Development Zone, Chancheng District, Foshan City, Guangdong Province, China. Over the years, Texpro has been focusing on the research and development, production, promotion, sales and after-sales business of dyeing and finishing equipment including dyeing machines, stenters, continuous open-width wet finishing ranges etc.
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