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Can Trump’s Tariffs Slow Down China’s Push to Lead High-tech Supply Chains?

The Diplomat LogoThe Diplomat5d ago

Can Trump’s Tariffs Slow Down China’s Push to Lead High-tech Supply Chains? - The Diplomat

Quick Summary:

With the incoming president's renewed threats of massive tariffs on China, it’s worth revisiting whether such policies actually achieve the desired result.

Furthermore, the tariff measures targeting China may, in fact, encourage Chinese companies to actively establish factories abroad, to mitigate the impact of U.S.tariffs on their products.

However, Trump’s tariff plan – imposing a 60 percent tariff on Chinese products and a 20 percent tariff on all imports – may not only trigger a new round of trade wars but also further isolate U.S.businesses and consumers from external supply chains.


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Article Details

Author / Journalist: Yingfan Chen and Dingding Chen

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 23:43:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 3301 words

Reading Time: 19 minutes read

Sentences: 119 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 23780034

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Main Topics: Economy

Official Website: thediplomat.com

Year Established: 2001

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

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Publication Timezone: GMT +8:00

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Publisher ID: #70

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