Which Countries Are Putting Tariffs On China’s Tech?
Countries worldwide have been increasingly imposing tariffs on China’s tech industry to address concerns over economic dependence, national security, and market fairness.
These actions reflect a broader trend of escalating trade measures affecting the global tech landscape.
This chart, via Visual Capitalist’s Kayla Zhu, shows China-specific tariffs imposed by countries on products from China’s tech sector. This does not include other general tariffs which may also apply to Chinese products.
The data comes from Rest of World and is updated as of November 2024.
China’s EV Sector Under Heavy Tariffs
Below, we show tariffs various countries and regions have imposed on China’s tech industry.
Tariffs have gained renewed focus ahead of President-elect Donald Trump’s second term, and his pro-tariff agenda.
The Biden administration hasn’t shied away from trade measures against China either. In May 2024, the U.S. raised tariffs on Chinese-made electric vehicles from 25% to 100%–as well as several other products–citing concerns over manufacturing overcapacity and its impact on global markets.
Four countries or regions, including the U.S., have specific tariffs targeting China’s electric vehicle industry, which is quickly skyrocketing in market share with exports surging 13,300% to $42 billion in 2023. China currently accounts for nearly 70% of global EV production.
China’s EV industry success is driven by comprehensive government support, including manufacturer subsidies, a massive domestic market, and vertical integration in the supply chain.
The EU’s recent tariff action on Chinese electric vehicles was prompted by the industry’s rapid growth, with its market share rising from 3.9% to 25% between 2020 and 2023, fueling concerns about the future of European automotive jobs and industry sustainability.
To learn more about tariffs against China, check out this graphic that visualizes the tariff hikes that the Biden administration enacted this year.
Tyler Durden Fri, 12/13/2024 – 04:15
Source: https://freedombunker.com/2024/12/13/which-countries-are-putting-tariffs-on-chinas-tech/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,659,723,700 |
| Stories: | 8,305,975 |
Whistler Blowers, Insiders
