China to reduce tariffs, improve export tax rebate policies

July 10, 2019

Editor’s note: China uses many more tools than merely tariffs to gain an advantage. They play to win, not to “level the playing field."

BEIJING (Reuters) - China will stabilize trade by reducing tariffs, improving export tax rebate policies and cutting insurance fees for export companies, state television reported on Wednesday, citing a state council meeting chaired by Premier Li Keqiang.

[Yawen Chen and Se Young Lee | July 10, 2019 | Reuters]

“We will improve our reserve of policy tools and roll the measures out at the right time,” state television quoted those at the meeting as saying.

China is locked in a bruising trade war with the United States, which has led to retaliatory tariffs on hundreds of billions of dollars of each other’s goods.

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