{"id":1507709,"date":"2024-12-13T09:15:00","date_gmt":"2024-12-13T14:15:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1507709"},"modified":"2024-12-13T09:15:00","modified_gmt":"2024-12-13T14:15:00","slug":"which-countries-are-putting-tariffs-on-chinas-tech","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/which-countries-are-putting-tariffs-on-chinas-tech\/1507709\/","title":{"rendered":"Which Countries Are Putting Tariffs On China’s Tech?"},"content":{"rendered":"

Which Countries Are Putting Tariffs On China’s Tech?<\/span><\/p>\n

\n

Countries worldwide have been increasingly imposing tariffs on China\u2019s tech industry to address concerns over economic dependence, national security, and market fairness.<\/p>\n

These actions reflect a\u00a0broader trend of escalating trade measures<\/a>\u00a0affecting the global tech landscape.<\/p>\n

This chart, via Visual Capitalist’s Kayla Zhu, <\/a>shows China-specific tariffs imposed by countries on products from China\u2019s tech sector. This does not include other general tariffs which may also apply to Chinese products.<\/p>\n

<\/a><\/p>\n

The data comes from\u00a0Rest of World<\/a>\u00a0and is updated as of November 2024.<\/em><\/p>\n

China\u2019s EV Sector Under Heavy Tariffs<\/h2>\n

Below, we show tariffs various countries and regions have imposed on China\u2019s tech industry.<\/p>\n

<\/a><\/p>\n

Tariffs have gained renewed focus ahead of President-elect Donald Trump\u2019s second term, and his\u00a0pro-tariff agenda<\/a>.<\/p>\n

The Biden administration hasn\u2019t shied away from trade measures against China either. In May 2024, the U.S. raised tariffs on Chinese-made electric vehicles\u00a0from 25% to 100%<\/a>\u2013as well as several other products\u2013citing concerns over manufacturing overcapacity and its impact on global markets.<\/p>\n

Four countries or regions, including the U.S., have specific tariffs targeting China\u2019s electric vehicle industry, which is\u00a0quickly skyrocketing in market share<\/a>\u00a0with exports surging\u00a013,300%<\/a>\u00a0to $42 billion in 2023. China currently accounts for nearly 70% of global EV production.<\/p>\n

China\u2019s\u00a0EV industry success<\/a>\u00a0is driven by comprehensive government support, including manufacturer subsidies, a massive domestic market, and vertical integration in the supply chain.<\/p>\n

The EU\u2019s recent tariff action on Chinese electric vehicles was prompted by the industry\u2019s rapid growth, with its market share rising from 3.9% to 25% between 2020 and 2023,\u00a0fueling concerns<\/a>\u00a0about the future of European automotive jobs and industry sustainability.<\/p>\n

To learn more about tariffs against China, check out this\u00a0graphic<\/a>\u00a0that visualizes the tariff hikes that the Biden administration enacted this year.<\/em><\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nFri, 12\/13\/2024 – 04:15<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/economics\/which-countries-are-putting-tariffs-chinas-tech<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Which Countries Are Putting Tariffs On China’s Tech? Countries worldwide have been increasingly imposing tariffs on China\u2019s tech industry to address concerns over economic dependence,…<\/p>\n","protected":false},"author":0,"featured_media":1507710,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1507709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1507709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1507709"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1507709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1507710"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1507709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1507709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1507709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}