China to Cut Export Tax Rebates to Ease Global Trade Tensions

China will cancel or reduce tax rebates on hundreds of products as Beijing seeks to reassure trade partners concerned about surging Chinese exports.

Starting April 1, the Chinese government will remove value-added tax rebates for 249 products, including solar cells, ceramic roof tiles and lithium hexafluorophosphate, the Ministry of Finance said in a statement Friday. The rebate rates on 22 battery-related goods, such as lithium-ion batteries, will be lowered to 6% from 9%, with complete removal planned from Jan. 1 2027, it added.

China is taking voluntary moves to rein in the exports of some goods as trade tensions with ...