Chinese Firms Expand Share in Nearly 40% of Global Products Despite 145% US Tariffs
Updated
Updated · Nikkei Asia · Jul 29
Chinese Firms Expand Share in Nearly 40% of Global Products Despite 145% US Tariffs
2 articles · Updated · Nikkei Asia · Jul 29
Summary
Chinese companies increased global market share in nearly 40% of major goods and services last year, with especially notable gains in electric vehicles and digital products, according to a Nikkei analysis.
Those gains came even after the United States temporarily imposed tariffs of up to 145% on Chinese goods last year, underscoring the continued spread of China-made products worldwide.
The findings point to resilient overseas demand and suggest Chinese manufacturers are still strengthening their position in key export categories despite escalating trade barriers.