China to Raise Export Tariffs on Textiles
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China will raise export tariffs on 74 classes of clothing and textile products starting June 1, the Finance Ministry said today, a gesture that might help appease Western trading partners.
Tariffs on most of those products would rise to 1 yuan (12.1 cents) per unit from 0.2 yuan, with the largest tariff per item at 4 yuan, the ministry said in a statement posted on its website.
Products listed included trousers, T-shirts and underwear.
A flood of Chinese exports has triggered protests in the United States and Europe since a decades-long global textile quota system expired on Jan. 1.
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