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BREAKING: China to suspend coal import tax from May 1

ABSTRACT

China will temporarily suspend import tariffs for coal from May 1 2022 to March 31 2023, to help guarantee the country's energy supplies and to further promote the high-quality development of domestic coal industry, the Ministry of Finance stated in an announcement on April 28.
China's current tariffs for all seven coal products including anthracite, coal, coking coal, briquettes and lignite range from 3% to 6%. Since the beginning of this May, China will cut import tariffs for coal to zero. (More details are included in the table below.)     China, as the world's biggest coal importer,

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