China has announced a reduction in import tariffs on several categories of goods starting January 1, 2026. According to a statement from the State Council’s Customs Tariff Commission, the Ministry of Finance’s website detailed that the ‘2026 Tariff Adjustment Plan’ will take effect on the first day of the new year. The plan, guided by Xi Jinping’s socialist thought with Chinese characteristics, aims to optimize tariff classifications, implement preferential rates, and promote high-quality development. The plan introduces temporary import tariff rates lower than the Most Favored Nation (MFN) rates for 935 products across three categories. These include key industrial components such as CNC hydraulic cushions and composite contact strips, resources like recycled black powder for lithium-ion batteries, and medical products such as artificial blood vessels and diagnostic kits for infectious diseases. However, products like micro motors, printing machines, and sulfuric acid will retain MFN rates in line with China’s WTO commitments. China will continue reducing tariffs under 24 free trade agreements with 34 partners, adding items like intelligent bionic robots and sustainable aviation fuel to support scientific progress and circular economy goals.