For China, Trump’s new drone tariffs threaten to deepen trade rift with US

AI Summary

The United States has imposed tariffs up to 100% on imported drones from China, escalating tensions in the ongoing US-China tech and trade rivalry. This move complicates production efforts as supply chains face increasing restrictions, resulting in a potential lose-lose scenario for both nations.

Tariffs of up to 100 per cent that Washington has announced on imported drones would result in a “lose-lose outcome” for the United States and China, analysts said, as the technology is increasingly taking centre stage in the countries’ tech and trade rivalry. The new levies will further complicate manufacturers’ efforts to shift production to third countries or regions, where supply chains are already affected by earlier trade restrictions imposed by both sides, they added. On Thursday, US...