China Shock 2.0
- The United States has enacted substantial tariffs on Chinese imports, including a 100% duty on electric vehicles, to combat the influx of Chinese goods, termed “China Shock 2.0.”
- China Shock 2.0 describes China’s rapid export growth in high-tech industries, such as solar equipment, electric vehicles, and semiconductors, occurring alongside a slump in domestic demand.
- India and other nations are also implementing measures to limit Chinese imports in order to safeguard domestic industries.
- The phenomenon is largely driven by China's economic slowdown, which is attributed to a property crisis and weak consumer spending.
- Countries, including India, are concerned about potential job losses in manufacturing and ....
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