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China lowers tariffs on certain sorts of imported rubber shoes

Chinese state council adjusted the import tariffs on 187 kinds of consumer goods.

This adjustment involves 187 items, and the average tax rate will decrease from 17.3% to 7.7%.

Five rubber shoe items are included. The tax rate for rubber shoes will be 12%. In 2017, the MFN tax rate was 24%.

The new tariff rate will come into effect from Dec. 1, 2017.

Reducing the import tariff of consumer goods is beneficial to enriching the choice of domestic consumption and accelerating the upgrading process of domestic supply system.

China has gradually lowered import tariffs on certain kinds of clothing, bags, footwear, special food, medicine and other consumer goods since 2015.