China: Christmas Comes Early as China Announces Annual Tariff Reductions on Select Consumer Products

China announced its annual tariff revisions a month early this year, with tariff reductions on select commodities set to become effective on December 1, 2017, instead of the usual January 1, 2018, timeline. Further tariff revisions for 2018 are not anticipated at this time. In addition to the earlier timing, this year’s revisions were notable in that they primarily focused on middle-class consumer products, such as processed cheese, fresh and dried fruits, nuts, and certain types of infant formula. 

China: Christmas Comes Early as China Announces Annual Tariff Reductions on Select Consumer Products