zero tariff policy impact

Key Points:* China expands zero tariffs to all LDCs and 53 African nations.

• Imports from these states saw double-digit growth.
• China aims to boost domestic demand and global trade. China has implemented a zero tariff policy for all least developed countries (LDCs), affecting relevant African nations since December 2024. The General Administration of Customs, led by spokesperson Lv Daliang, oversees this initiative.

The expansion of zero tariffs aims to facilitate trade expansion with African exporters by integrating them with China’s ever-growing market.

China’s Policy Spurs Double-Digit Import Growth

China’s zero tariff policy applies to all least developed countries with diplomatic ties. China’s State Council announced this policy in alignment with WTO notifications. The initiative is part of China’s strategy to open its markets to LDCs and African nations. Under the new mandate, China’s imports from LDCs have surged, achieving double-digit growth since the policy’s onset. China promises to continue using its vast market to encourage global development.

Responses to the policy have been largely positive. The WTO welcomed China’s expanded zero-tariff coverage. However, no significant reactions from the crypto industry have been noted, as there is no clear regulatory impact on cryptocurrencies like BTC or ETH.

China has notified the World Trade Organization (WTO) of its expanded zero-tariff policy for least developed countries (LDCs) that maintain diplomatic relations with Beijing, raising product coverage from 98 percent to 100 percent. The new policy, which took effect on Dec 1, 2024, is part of China’s broader efforts to further open up to LDCs and African nations… — Lv Daliang, Spokesperson, General Administration of Customs of the People’s Republic of China

Crypto Industry Awaits Regulatory Impact Amid Policy Shift

Did you know? China’s adoption of a comprehensive zero-tariff policy continues its long-standing economic integration efforts, underscoring over a decade of China-Africa trade relations.

Ethereum (ETH) stands at $3,001.09 with a market cap of $362.28 billion, holding a market dominance of 9.68%. Over the last 24 hours, ETH’s trading volume reached $17.50 billion, marking a 13.80% change. Recent market movements indicate a 1.55% price increase over 24 hours and an 84.03% increase across 90 days, based on CoinMarketCap data.

Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 03:00 UTC on July 14, 2025. Source: CoinMarketCap According to Coincu, the removal of tariffs could encourage alternative financial technologies, yet no immediate regulatory repercussions for crypto are anticipated. China’s focus remains inter-governmental trade expansion rather than digital currency integration.

| | | --- | | DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |