Communists for free trade
Jul. 1st, 2018 12:56 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
timeletsBEIJING (XINHUA) - China on Sunday (July 1) introduced huge new tariff cuts covering consumer goods and automobiles, to help increase imports.
Tariffs on 1,449 taxable consumer goods were reduced from an average rate of 15.7 per cent to 6.9 per cent, including home appliances, food and beverage, cosmetics and medicines, according to the Customs Tariff Commission of the State Council.
https://www.straitstimes.com/asia/east-asia/new-tariff-cuts-take-effect-to-help-china-increase-imports
Tariffs on american products to follow.
upd. Japan just ratified TPP-11.
https://www.straitstimes.com/asia/east-asia/japan-pm-shinzo-abe-says-asia-pacific-can-fly-flag-for-free-trade-amid-void-left-by
