Mainland China suspends tariff arrangements on 134 items under Taiwan trade deal

Mainland China announced on Friday a suspension of some preferential tariff arrangements under the Cross-Strait Economic Cooperation Framework Agreement (ECFA) with Taiwan.

The decision would take effect on 134 items from June 15, according to an online statement by the Customs Tariff Commission under the State Council in Beijing.

“Taiwan authorities failed to take any actions to remove its trade restrictions [on mainland China products],” the statement said.

More to follow …