In-Depth Analysis of the New Tariff Policy Imposed by the U.S. on China: Impact and Response
Latest trade data for 2024 shows that the U.S. government has announced new tariffs on Chinese goods worth approximately $300 billion, focusing on strategic areas such as new energy and high technology. This policy will be implemented in phases starting in the fourth quarter of this year and is expected to have far-reaching effects on global supply chains.
Key Taxed Areas and Rates:
New Energy Industry:
Tariff on electric vehicles raised from 25% to 102.5%
Tariff on power batteries increased from 7.5% to 30%
Tariff on photovoltaic components raised to 50%
Semiconductor Industry:
Tariff on chip manufacturing equipment increased to 35%
New 25% tariff on AI computing chips
Tariff on semiconductor materials adjusted to 20%
Market Impact Forecast:
Short-term Impact:
China's exports to the U.S. are expected to decline by 18-22%
Related industry jobs may decrease by 6-9%
Corporate gross margins face a compression of 4-6 percentage points
Long-term Trends:
Acceleration of global supply chain restructuring
Increased pressure for industrial transformation and upgrading
Regional trade cooperation may strengthen
Corporate Response Strategies:
Market Diversification:
Focus on developing the EU and ASEAN markets
Expand business in countries along the "Belt and Road"
Supply Chain Adjustments:
Establish production bases in Southeast Asia
Optimize global procurement network
Product Strategy:
Increase R&D investment
Enhance product added value
Develop differentiated competitive advantages
Industry Special Attention:
Medical device supply chains may be affected
Costs of renewable energy projects are rising
Price fluctuations for electronic product terminals
