China Shock 2.0:
The United States has imposed steep tariffs on Chinese imports, including a 100% duty on electric vehicles, as part of an effort to counter the influx of Chinese goods, dubbed “China Shock 2.0.” India and other countries are also taking steps to curb Chinese imports to protect domestic industries.
- China Shock 2.0 Refers to China’s rapid export growth in high-tech sectors such as solar equipment, electric vehicles, and semiconductors amid domestic demand slumps.
- China’s economic slowdown due to a property crisis and weak consumer demand.
- Countries, including India, fear job losses in manufacturing and increased economic dependence on China
