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Tariffs change to balance trade

By Hong Guan | China Daily | Updated: 2007-05-23 06:38

China will impose extra export tariffs while slashing import duties from June 1 to narrow its trade surplus, according to a notice the State Council posted on its website.

The Ministry of Finance said additional export tariffs will be imposed on 142 energy-consuming, highly polluting and resource-intensive products.

Export tariffs will be raised by 5 to 10 percent for more than 80 steel products, including steel wires, sheets and plates, said the ministry.

Tariffs change to balance trade

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