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The U.S. has instructed TSMC to suspend advanced chip shipments to Chinese customers due to AI application concerns, impacting Huawei's capabilities.
This graph illustrates the percentage of U.S. steel imports from selected countries that are predicted to become subject to trade laws if the Trump administration follows through on its "100 day" action plan as of 2017. In this scenario, the percentage of U.S. steel imports from China covered by such trade restrictions is expected to amount to about 1.3 percent. Previously, the United States had already put a stop to a large part of the potential steel imports from China through antidumping trade restrictions. Across all industries, some 9.2 percent of Chinese exports to the United States were subject to barriers such as antidumping and countervailing duties as of 2016.
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General Motors halts U.S. vehicle exports to China, adapting to economic changes while maintaining its focus on the Chinese market through joint ventures.
In 2022, China accounted for 31.7 percent of the global clothing export value, representing a decrease from 32.8 percent in 2021. China remained the world's largest apparel exporting country that year. The world’s factory China was considered the world’s factory for decades, especially for the production of machinery and industrial products. Each year, over three trillion U.S. dollars worth of goods were shipped from China to the rest of the world. As the world’s largest merchandise exporter, China accounted for 14.42 percent of global goods exports in 2022. Furthermore, China was the origin of more than 30 percent of the world’s apparel exports, more than all 28 EU counties combined. China’s apparel export industry benefited from its cheap labor costs and the lowering of the trade barrier. However, China’s apparel exports faced many uncertainties in recent years, resulting from increasing production costs and fierce global competition. Amid the pandemic The outbreak of coronavirus brought negative effects to China’s apparel exports in 2020. The international demand of clothing plunged due to the ongoing lockdown. In 2020, China’s export value of garments and accessories was worth 137.4 billion U.S. dollars, representing an 8.6 percent loss compared to the previous year.
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China pressures South Korean firms to halt rare earth exports to U.S., highlighting its control over critical minerals amid escalating trade tensions.
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MP Materials halts rare earth shipments to China amidst trade tensions, focusing on domestic refining and strategic partnerships to reduce reliance on Chinese imports.
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Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
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The U.S. has instructed TSMC to suspend advanced chip shipments to Chinese customers due to AI application concerns, impacting Huawei's capabilities.