China announced on Monday ​tariff adjustments for some products beginning next year, including lowering the import duties on resource-based commodities such as recycled black ⁠powder for lithium-ion batteries. The country will also lower levies on medical products including artificial blood vessels and diagnostic ​kits for certain infectious disease, according to a statement by the Customs Tariff Commission of the State Council. For 925 products, ⁠the provisional ​import tariff rates ​levied on them will be lower than the most-favoured-nation ⁠rates applied to all World Trade Organization ⁠member states, it added. ... (full story)