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this post was submitted on 03 Dec 2024
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What does “zero-tariff treatment for 100 percent tariff lines” mean?
I found the story in Chinese, let's see if that sheds some light.
https://www.yidaiyilu.gov.cn/p/0V7IMLPR.html
machine translation says
EDIT: to add to this, here's a Global Times article with a corroborating headline, however the article text makes the same mistake above
China to give least developed countries zero-tariff treatment
Thank you
~~so my best guess is it means all product groups currently tariffed at 100% will now be 0%~~
EDIT: looks like it's 100% of products, not those with 100% tariffs. wow
That makes sense, thanks!
When someone answers can they please ping me
from what I can tell they are dropping all tariffs with the global south countries they have relations with
it should say "zero-tariff treatment for 100 percent of tariff lines" but someone goofed