China to Reduce Import Tariffs on Some Recycled Copper, Aluminum Raw Materials

Analysts say the Chinese Communist Party’s tariff reduction on the key raw materials is aimed at increasing its military production and geopolitical influence.

A worker handles copper lead frames inside the production chain at Renesas Electronics in Beijing, China, on May 14, 2020. Nicolas Asfouri/AFP via Getty Images

China’s Ministry of Finance said on Dec. 28 that the communist regime will lower import tariffs on ethane and some recycled copper and aluminum raw materials from Jan. 1, 2025.

Provisional import tax rates lower than the most-favored-nation tax rate will be applied to 935 commodities, the ministry said in a statement.