China’s Ministry of Finance announced adjustments on some import and export tariffs today, effective January 1. In short, export tariffs on 94 products are canceled, including iron ore, and fertilizers. For imports, China will levy temporary tariffs on 706 products and maintain relatively low import tariffs for aircraft engines.
Import tariffs on 14 information technology products will be cancelled starting July 1, 2019. China will also further cut most favoured nation tariffs on 298 information technology products from July 2019.