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China fires back at Trump’s 10% tariff proposal with a 20% price cut on domestic products — Beijing's policy will negatively affect chipmakers, including Nvidia and Intel
China is giving itself a 20% discount.
Following President-elect Trump’s announcement of his plan to impose an additional 10% tariff on Chinese goods, the Ministry of Finance (MOF) of the People’s Republic of China (PRC) released a draft proposal that gives domestically produced items a 20% price evaluation advantage in government procurement. According to DigiTimes Asia, while this move was primarily an answer to America’s proposed import taxes, it will affect all non-Chinese products, making them less competitive versus locally produced goods. While many China-based firms say that these sanctions won’t stop China’s chip industry, the Chinese government is still reacting with its export restrictions, especially in rare earth metals.
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