China to reduce tariffs on hundreds of products

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China is set to cut tariffs on U.S. products including food and pharmaceuticals. FOX Busniness’ Hillary Vaughn with more.

We have news on trade. China is going to be cutting tariffs(关税) on hundreds of products while President Trump says phase one will be signed very shortly. All good news there. Hillary Von with the latest from DC. Hi Hillary.

Hi David. Well, this is coming from China's Customs Tariff Commission(国务院关税税则委员会) announcing today that starting in the new year, they will cut import tariffs on about 860 differing products. Some of those import taxes will be reduced all the way down(一路向下) to zero. The types of products that they are targeting, food products, pharmaceuticals(药物、药品、药剂), and also some high-tech products. They're also going to see import taxes go down starting in mid-summer, July 1st, 2020. These import tax reductions apply to food products like frozen pork(冷冻猪肉). China's been hit with sweeping(影响范围大的) problem with the swine flu(猪流感病). So, that's something they're looking to bring in as well. Frozen avocados(牛油果、鳄梨), non-frozen orange juice(非冷冻橙汁、鲜橙汁). Those are some of the food products. You're also looking at some pharmaceuticals as well. Medicines that help with asthma(哮喘) as well as diabetes(糖尿病) medication. Those tariffs will go down as well. David.