BEIJING—China said it will cut import tariffs for frozen pork, pharmaceuticals and some high-tech components starting from Jan. 1, a move that comes as Beijing and Washington are trying to complete a phase-one trade deal.

In a plan approved by the State Council, China will lower tariffs on 850 types of products to rates lower than most-favored-nation rates, the country’s finance ministry said. These products include a range of consumer goods, such as medicines to treat asthma and diabetes, and semiconductor products.

Read More