Key Adjustments to China’s Import and Export Tariffs in 2025

The Tariff Commission of the State Council of China has released the “2025 Tariff Adjustment Plan,” which will be implemented starting January 1, 2025. This adjustment reduces import tariffs on certain raw materials, pharmaceuticals, equipment, and components, while also adjusting agreed tariff rates and tariff items. These changes aim to facilitate the import of high-quality products, expand domestic demand, promote a higher level of openness, and advance high-quality development.

The key points of the tariff adjustments include the implementation of provisional import tariff rates lower than the most-favored-nation (MFN) rates to support innovation-driven new productivity development and to improve people’s livelihoods. China will also continue to provide zero-tariff treatment to 43 countries that have established diplomatic relations and completed document exchanges, fostering mutual benefits. Additionally, under 24 free trade agreements and preferential trade arrangements, agreed tariff rates will be applied to certain imported goods originating from 34 countries or regions. For example, most imported goods from Vietnam, the Philippines, and Singapore will see tariff rates reduced to 0%-5%.

Source: The State Council of the People’s Republic of China