China lowers tariffs on computers\, bikes\, other goods

China lowers tariffs on computers, bikes, other goods

AFP  |  Beijing 

on Monday announced it will lower tariffs on some consumer goods ranging from computers to furniture and bicycles as faces worldwide scrutiny over its trade practices.

China's rate on imported goods like books, computers, food, furniture and medicines will drop to 13 percent starting Tuesday, the State Council's commission announced.

The goods had been taxed at a 15 percent rate, official agency reported.

The border tax slapped on other imported goods like sporting goods, fishing supplies, textiles, electronic appliances and bicycles will also be lowered to 20 percent from 25 percent, according to

Top EU leaders will meet Chinese this week at a summit in Brussels, but their hopes of winning solid commitments on trade look set for disappointment.

on Friday said talks with were making progress toward ending the trade war between the world's two top economies, but he again stopped short of predicting success.

US Trade and engaged in trade talks with a Chinese delegation led by Vice from April 3-5 in

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 08 2019. 16:55 IST