Starting on Sunday, China will give all the least developed countries with which it has diplomatic relations zero-tariff treatment for 100 percent tariff lines, becoming the first major developing country and the first major economy to take such a significant measure.
Since December 1, China has granted zero tariff treatment to 100% of tariff items of all the least developed countries that have established diplomatic relations with China, including 33 African countries, becoming the first major developing country and the world’s major economy to implement this measure. Many Africans said that China’s move conforms to the development needs of the global South countries, demonstrates the responsibility of a major country, shares development opportunities with countries around the world with practical actions, and truly makes the fruits of development benefit more people of all countries.
EDIT: to add to this, here’s a Global Times article with a corroborating headline, however the article text makes the same mistake above
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