The Chinese government’s Central Economic Work Conference has committed to cutting tariffs in order to boost imports and achieve “balanced trade”. Evidence of that has already been seen in cuts to 187 tariff-lines in consumer electronics. Further cuts are more likely to be tied to the RCEP trade deal or bilateral arrangements rather than simple unilateral cuts. Chinese imports have already jumped 22% this year, though that is partly due to increased commodity imports. Panjiva analysis of China’s WTO MFN tariff rates shows the biggest opportunities are in sugar (29% duties on ave...