China lowers tariffs on imported goods, including textiles
2019-04-11 Read[207]

China's tariff rate on import of books, computers, food, furniture and medicines will drop to 13 per cent from 15 per cent starting April 9, the Chinese State Council's tariff commission announced. Tariffs on other imports like sporting goods, fishing supplies, textiles, electronic appliances and bicycles will also be lowered to 20 per cent from 25 per cent. 

The move is reportedly perceived as part of Beijing’s response to major trading partners that are challenging itstrade practices, according to global news wires. 

President Donald Trump last week said talks with Beijing were making progress toward ending the trade war between the two nations. 

US trade representative Robert Lighthizer and treasury secretary Steven Mnuchin discussed trade issues with a Chinese delegation led by vice premier Liu He from April 3 to 5 in Washington, DC. (DS)

 

Fibre2Fashion News Desk – India

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Under Texpro group, there are two companies: one is Son-tech Precision Machinery Co., Ltd and another one is Texpro & Stentex Machinery Technology Co., Ltd. Its history can be traced back to 1997. For many years, we’ve tightly focused on the business philosophy of "Making Sophisticated Dyeing and Finishing Machinery is Our Profession", adhered to the path of quality and service innovation for sustainable development, given full play to Texpro's competitive advantages of design, manufacture and process, and tried to develop a business characterized by high efficiency, energy saving and environmental protection.
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