THE government will cut import tariffs on textile products and metals, including steel products, to 8.4 percent from 11.5 percent, effective Nov. 1, the Finance Ministry said.

China has pledged to take steps to increase imports this year amid rising tensions with some of its biggest trade partners, such as the United States.

Earlier in July, China reduced import tariffs on a range of consumer items including apparel, cosmetics, home appliances, and fitness products to fulfil pledges to further open China’s consumer market.

Import tariffs on wood and paper products, minerals and gemstones will be cut to 5.4 percent from 6.6 percent, the ministry also said in its statement.

Average import tariffs on over 15,000 products will be lowered to 7.8 percent from 10.5 percent, the ministry said.

“Reducing tariffs is conducive to promoting the balanced development of foreign trade and promoting a higher level of opening up to the outside world,” the ministry said .

The State Council has announced plans to cut tariffs on machinery, electrical equipment and textile products beginning Nov. 1, as the country braces for an escalating trade war with the United States.

The overall tariff level will be reduced to 7.5 percent in 2018 from 9.8 percent in 2017 as a result, the State Council has said.(SD-Agencies)