[Video]China to reduce tariffs on hundreds of products

[aRNoLD]

China to reduce tariffs on hundreds of products
Fox Business, Dec 23, 2019

transcript:
We have news on trade. China is going to be cutting tariffs on hundreds of products while President Trump says phase one(中美第一阶段贸易协议) will be signed very shortly. All good news there Hillary Vaughn with the latest from DC(哥伦比亚特区). Hi, Hillary.

Hi, David. This is coming from China's Customs Tariff Commission(国务院关税税则委员) announcing today that starting in the new year they will cut import tariffs on about 860 differing products. Some of those import taxes will be reduced all the way down to zero.

The types of products that they are targeting, food products, pharmaceuticals, and also some hi-tech products. They are also going to see import taxes go down starting in mid-summer, July 1st, 2020.

These import tax reductions apply to food products like frozen pork. China's been hit with sweeping problems with swine flu(猪流感), so, that's something they are looking to bring in as well, frozen avocados(牛油果), non-frozen orange juice. Those are some of the food products.

You also look in some pharmaceuticals as well, medicines that help with Asthma(哮喘), as well as diabetes(糖尿病) medication. Those tariffs will go down as well. David.

source:
https://www.youtube.com/watch?v=Qzwnxurj0QY

ref:
1. 对比differing和different
2. bring in: include, introduce, 结合上下文，相当于import

[aRNoLD]

China to reduce tariffs on hundreds of products

Multiple Choice Questions

1. According to the report, which country is planning to cut tariffs on hundreds of products?
a) United States
b) Japan
c) China
d) Germany
Answer: c) China

2. How many different products will China cut import tariffs on, starting in the new year?
a) 100
b) 500
c) 860
d) 1000
Answer: c) 860

3. When is the mid-summer date that will see import taxes go down?
a) January 1st
b) April 1st
c) July 1st
d) October 1st
Answer: c) July 1st

4. What type of product that China is targeting is impacted by the swine flu?
a) beef
b) pork
c) fish
d) chicken
Answer: b) pork

5. Which of the following are examples of food products that will be impacted by the tariff changes?
a) frozen avocados
b) non-frozen orange juice
c) both a and b
d) fresh bananas
Answer: c) both a and b

6. According to the report, President Trump has said that:
a) phase one will be delayed.
b) phase one will be signed very shortly.
c) phase one is not going to happen.
d) phase one is an example of all the good news that is happening.
Answer: b) phase one will be signed very shortly.

7. The China Customs Tariff Commission is reducing import taxes on about how many different products?
a) 100
b) 860
c) 1060
d) 1860
Answer: b) 860

8. Import Taxes will be reduced to what tariff percentage?
a) 5%
b) 2.5%
c) 1%
d) 0%
Answer: d) 0%

9. Which of the following is a type of product will import tax reductions be applied to?
a) Food products
b) Pharmaceuticals
c) High-tech Products
d) All of the above
Answer: d) All of the above

10. Which is an example of a pharmaceutical product that will be impacted by the import tax reduction?
a) Asthma medication
b) Diabetes medication
c) Both a and b
d) Ibuprofen
Answer: c) Both a and b

11. Which of the following is MOST LIKELY a reason China is reducing import taxes?
a) To decrease the government's revenue.
b) To provide more affordable access to certain goods within China.
c) To punish specific countries exporting goods to China.
d) To create confusion in the global market.
Answer: b) To provide more affordable access to certain goods within China.

12. The first date that changes will happen is:
a) January 1, 2019
b) January 1, 2020
c) July 1, 2020
d) July 1, 2025
Answer: c) July 1, 2020

Short Answer Questions

1. What is the name of the Chinese commission responsible for announcing the tariff cuts?
Answer: China's Customs Tariff Commission

2. What food product is mentioned as being affected by swine flu in China?
Answer: Frozen Pork

3. Name at least two types of medications that will see import tax reductions.
Answer: Asthma medication and diabetes medication

4. How might the tariff cuts announced by China impact trade relations between China and other countries, particularly the United States? Discuss potential positive and negative consequences.
Answer: The tariff cuts could potentially improve trade relations between China and other countries, especially the United States. Positively, it could signal a willingness from China to open its markets further, addressing concerns about trade imbalances. It might encourage further negotiations and potentially lead to more comprehensive trade agreements. Negatively, if the cuts are seen as insufficient or targeted unfairly, it could lead to continued tensions and accusations of protectionism. It might also create new trade disputes with countries that feel disadvantaged by the tariff adjustments.

5. The report mentions that China is specifically targeting food products, pharmaceuticals, and high-tech products for tariff reductions. Why might these particular sectors be prioritized? Explain the potential economic and social implications.
Answer: These sectors might be prioritized for several reasons. Food products could address domestic shortages (such as the pork shortage due to swine flu) and lower food prices, benefiting consumers. Pharmaceuticals could improve access to essential medicines, enhancing public health and social welfare. High-tech products could be part of a strategy to attract foreign investment and expertise in key technological areas, supporting China's economic development and innovation goals. Economically, this could lead to increased trade, foreign investment, and technological advancement. Socially, it could improve the quality of life for Chinese citizens through better access to food and healthcare.

6. Assuming the trade deal between the U.S. and China proceeds as planned, what further steps might both countries take to foster a more stable and mutually beneficial trade relationship?
Answer: Beyond signing the initial trade deal, both countries could focus on building trust and addressing deeper structural issues. This could involve establishing clear and enforceable rules on intellectual property protection, reducing non-tariff barriers to trade (such as regulatory hurdles), and engaging in regular dialogue to address concerns and prevent future disputes. They could also explore cooperation on issues like climate change and global health, fostering a broader relationship that goes beyond trade alone. Finally, promoting people-to-people exchanges and cultural understanding could help build long-term goodwill and stability.

中国宣布的关税削减可能如何影响中国与其他国家（特别是美国）之间的贸易关系？讨论潜在的积极和消极后果。

答案： 关税削减有可能改善中国与其他国家（特别是美国）之间的贸易关系。积极地，这可能表明中国愿意进一步开放市场，解决对贸易不平衡的担忧。它可能鼓励进一步的谈判，并可能导致更全面的贸易协议。消极地，如果削减被认为是不够的或不公平地针对，可能会导致持续的紧张关系和对保护主义的指责。它也可能与那些认为受到关税调整不利影响的国家产生新的贸易争端。

该报告提到中国正在专门针对食品、药品和高科技产品进行关税削减。为什么这些特定行业会被优先考虑？解释潜在的经济和社会影响。

答案： 这些行业可能会因多种原因被优先考虑。食品可以解决国内短缺问题（如因猪流感造成的猪肉短缺）并降低食品价格，使消费者受益。药品可以改善获得基本药物的机会，提高公共卫生和社会福利。高科技产品可能是吸引关键技术领域外国投资和专业知识的战略的一部分，支持中国的经济发展和创新目标。从经济上讲，这可能导致贸易增加、外国投资和技术进步。从社会上讲，这可以通过更好地获得食物和医疗保健来提高中国公民的生活质量。

假设美国和中国之间的贸易协议按计划进行，两国可能采取哪些进一步措施来促进更稳定和互利的贸易关系？

答案： 除了签署初步贸易协议外，两国还可以专注于建立信任和解决更深层次的结构性问题。这可能涉及建立明确和可执行的知识产权保护规则，减少非关税贸易壁垒（如监管障碍），并进行定期对话以解决担忧并防止未来争端。他们还可以探讨在气候变化和全球健康等问题上的合作，建立超越贸易的更广泛的关系。最后，促进人文交流和文化理解有助于建立长期的善意和稳定。