The 2024 tariff adjustment plan introduced changes affecting import provisional tax rates, export duties, and preferential agreement rates across multiple product categories. Businesses engaged in international trade need to understand these changes to accurately price their products and manage compliance.

Import Provisional Rate Changes

The 2024 plan applies provisional import tax rates lower than MFN rates to 1,010 product categories, an increase of approximately 60 items from 2023. Key additions include precision components, medical equipment, and certain resource products. Some existing provisional rates were cancelled or increased.

Export Tariff Updates

Export tariff adjustments were relatively modest, primarily affecting resource products. China continues its policy of taxing high-energy-consumption and high-pollution exports, with new chemical products added to the dutiable list.