Politics
export restrictions to China: will Donald Trump impose 60% customs duties on Chinese products? Xi Jinping could retaliate by doing so, which could prove costly for the West.
This recent decision comes as tensions increase with the administration of new US President-elect Donald Trump, who has indicated his desire to impose several customs duties on Chinese imports. The proposed restrictions are actually aimed at strengthening China's control over its supply chain of critical battery materials, which is extremely crucial given that China currently dominates the global market for these resources.
These measures are part of a broader strategy by Beijing to ultimately maintain its significant market share in lithium processing and to exert counter-pressure against possible US tariffs. Several analysts have noted that nearly half of Apple's revenue is exposed to China, while highlighting the interconnectedness of global supply chains in the technology and automotive sectors.
During this period, the Chinese government has already limited exports of other battery materials such as germanium and graphite and these latest proposals reflect an ongoing effort to leverage its position in the global market. As demand for electric vehicles increases around the world, serious concerns about supply shortages and price volatility have intensified, prompting Western manufacturers to look for alternatives outside China.
FAQ:
What does China plan to do regarding export restrictions?
China is preparing to impose new export restrictions on specific critical technologies used in the production of electric vehicle (EV) batteries, while including those for lithium and gallium processing.
What have prominent analysts noted about Apple's revenue in China?
Several analysts have noted that nearly half of Apple's revenue is exposed to China, while highlighting the interconnectedness of global supply chains in the technology and automotive sectors.
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