China To Lower Import Tariffs On Slew Of Goods Beginning Jan. 1

China's finance ministry announced a reduction in tariffs on over 850 items starting January 1st to boost imports amid a slowing economy. The items include daily consumer goods like non-frozen orange juice, pharmaceuticals, and frozen pork. This move comes as China faces a severe pork shortage due to African swine fever, which has killed over a million pigs. Additionally, a phase one trade agreement between China and the US was announced, with President Trump stating a breakthrough has been achieved, potentially ending the 18-month trade war.

What recent action did China's finance ministry announce regarding tariffs?

What types of goods will have lowered tariffs starting January 1st?

How has African swine fever impacted pork availability in China?

What was the significance of the phase one trade agreement between China and the US?

What did President Donald Trump say about the trade deal during his speech?