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Commentary Topic from greenfaucet

China’s New Tariff Policy Under-Appreciated

  I can't believe how little attention is being paid to the tariff changes officially announced last week by the Chinese government.  It's still holiday week so I'll keep this short, but here's a short summary of just some of the highlights on the import side: - Tariffs on imported gas, diesel and jet fuel were cut to 1% - Tariffs on imported metals were abolished - Import duties on coal, key equipment and other component parts were cut, as well. On the export side, however: - Steel tariffs were increased