The plan, approved by China’s cabinet, will lower tariffs for all trading partners on more than 859 types of products to below the rates that most-favored nations enjoy, the Finance Ministry said Monday. Most-favored-nation rates are the lowest possible tariffs a country offers to its trading partners. The lower levies will apply to frozen pork, as China aims to shore up its meat supplies amid an outbreak of swine fever , as well as semiconductor products and medicines to treat asthma and diabetes. Tariffs on some of the products will go to zero. The plan will also cut import levies for more than 8,000 products even lower for 23 countries and regions that have free-trade agreements with China, including Australia, South Korea, Iceland, New Zealand and Pakistan, from the beginning of next year. The statement said China would further cut tariffs on some information-technology products and services from July […]