China’s Ministry of Finance Lowers Import Tariffs on a Variety of Agricultural Products

The Ministry of Finance announced on Friday [24 November 2017] cuts in import tariffs on some consumer products starting from December. The reduction of import tariffs will affect 187 tariff codes, including on food, health supplements, pharmaceuticals, garments and recreational products, and the average rate will drop to 7.7 percent from 17.3 percent, according to

China goes nuts over U.S. pecans

China has gone nuts over pecans, which is great for U.S. growers but might have consumers shelling out more money for the fall food favorite. The Chinese culinary fancy led to increased imports of pecans from 2.9 million pounds in 2005 to 80 million pounds in 2009 where it has hovered since, according to Monte