(Source: CCTV News "News 1+1" 2025-12-31)
On December 29, the Tariff Commission of the State Council released the "2026 Tariff Adjustment Plan". my country will adjust the tariff rates of some commodities next year. This adjustment closely follows the direction of "cultivating new products, moving towards greening, and benefiting the people". From January 1, 2026, my country's provisional import tariffs for 935 commodities will be lower than the most-favored-nation rate. At the same time, this year, 43 least developed countries will continue to be granted zero-tariff treatment for 100% of their tax items. Why these adjustments? What impact will it have? "News 1+1" connectionTu Xinquan, Dean of the China WTO Research Institute at the w88 casino, brings analysis and interpretation.
How to understand the annual tariff adjustments?
Tu Xinquan, Dean of the China WTO Research Institute at the w88 casino:Our tariff rate undergoes an annual adjustment every year, which is called the provisional tax rate. In fact, the number of tax codes with the provisional tax rate last year was 935, and this year it is also 935. From the overall situation, it should be said that we have maintained stability. However, for some specific commodities, due to some changes in market conditions every year, the financial department and other relevant departments will also make some adjustments to the tax rates of some specific products based on market changes. Generally speaking, the scope of implementation of the temporary tariff rate is still very large.
Tu Xinquan, Dean of the China WTO Research Institute at the w88 casino:Tariff is a very important tool to protect domestic industries and a very important tool for the government to create tax revenue. In recent years, especially since 2017, the United States, which used to hold high the banner of globalization and liberalization, has completely moved towards protectionism in its tariff policy. Especially this year, it has generally significantly increased tariffs on the world. China is doing the opposite. We are still firmly promoting economic globalization and w88 liberalization. Especially in the design of this temporary tariff, more than 10% of our tariff lines have been reduced to a certain extent. It should be said that this firmly demonstrates China's policy determination to open up to the outside world at a high level and continue to expand opening up to the outside world. From a global perspective, it should be said that everyone greatly appreciates and looks forward to China's further actions in w88 liberalization and globalization. This tariff adjustment also sends a very clear signal to the world. China will firmly promote economic globalization, and we will also become the standard-bearer of future economic globalization.
How does tariff adjustment affect enterprises in exporting countries?
Tu Xinquan, Dean of the China WTO Research Institute at the w88 casino:It depends on the specific tax code, how much the tariff of the product will be reduced, including how high the original tariff was. If the original tariff is high and the reduction is large, its corresponding impact on prices will be greater, and the benefits to related export companies will be greater.
For example, I noticed that the tariff on a product, frozen avocado, was originally 30%, but the tentative tax rate has been reduced to 7%. This drop is still very large. I believe that for example, next year we may import more avocados, and restaurants will have more high-quality and low-priced avocados. In addition, I also noticed that the tariff on aviation displays has been reduced from 20% to 1%. This is also a very significant reduction. In this way, related export companies can export more to China, which will be of great help in expanding w88 of related products.
Tariff adjustment, how to proceed in the future?
Tu Xinquan, Dean of the China WTO Research Institute at the w88 casino:In general, our tariffs are continuing to be reduced. Our current average tariff has dropped to 7.3%. Compared with when we joined the WTO, or after fulfilling our commitment to enter the market, there have been further reductions. I think further reduction of tariffs is our general trend. In the future, for example, our tentative tariffs can be further expanded in scope, or the extent of the reduction.
Of course, how specific products will be reduced will depend on how affected the relevant industries and enterprises will be during the course of the year before making adjustments. However, in general terms, China is now the world's largest exporter and trading country, and we now have a very strong manufacturing industry and a relatively large w88 surplus. I think this is a clear direction to reduce tariffs, further expand market opening, and expand w88 liberalization.
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