Dec 9, 2024
Which Countries Are Putting Tariffs On China's Tech? 🤖
What We're Showing
China-specific tariffs imposed by countries on products from China's tech sector.
Data comes from Rest of World and is updated as of November 2024.
China's EV Sector Under Heavy Tariffs
Four countries or regions 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, capturing 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 action was prompted by Chinese EVs growing from 3.9% to 25% market share in just three years, raising concerns about European automotive jobs and industry viability.