Donald Trump to impose 60% tariffs on Chinese products? Xi Jinping could retaliate by doing this and it could prove costly for the West
China is preparing to impose some new export restrictions on specific critical technologies used in the production of electric vehicle (EV) batteries while including those for processing lithium and gallium.
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This recent move comes as tensions rise with the incoming US President- elect Donald Trump administration which has indicated a severe willingness to impose several tariffs on Chinese imports. The proposed restrictions actually aim to strengthen the control of China over its supply chain for essential battery materials which is extremely crucial given that China currently dominates the global market for these resources.
The measures are part of a broader strategy by Beijing to eventually maintain its significant market share in lithium processing and to exert counterpressure against potential US tariffs. Several analysts have noted that nearly half of the revenue of Apple is exposed to China while highlighting the interconnectedness of global supply chains in the tech and automotive industries.
During such times, the Chinese government has already limited exports of other battery materials like germanium and graphite and these latest proposals reflect a continued effort to leverage its position in the global market. As demand for EVs surges in the whole world, severe concerns about supply shortages and price volatility
