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Tariffs hit China's tech trade in America, but the rest of the world kept buying
['Mon', 'Sep', 'Min Read']
Yahoo Finance
China's tech exports to the US have fallen 70% since the fourth quarter due to President Trump's tariffs.
China's tech exports to the US have cratered, but demand from the rest of the world is keeping the East Asian giant's trade machine humming.
In August, Chinese shipments of tech products to the US plunged 70% compared to the fourth quarter of 2024, according to a Goldman Sachs analysis published Sunday.
Outside the US, Chinese tech exports didn't suffer the same fate.
"Tech exports to non-US destinations showed little difference between China and the rest of Asia, with tech exports from both performing similarly well compared to other sectors," wrote Goldman's analysts.
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