Donald Trump has touted tariffs as high as 60%. But China’s domestic tech sector may be insulated against such measures.

China’s economy grew more than expected in the last three months of 2024, official data showed on Friday, as it awaits the likely imposition of fresh tariffs by US President-elect Donald Trump, who takes office next week.

The U.S. Trade Representative's office on Thursday said it has found China's targeted dominance of the global shipbuilding, maritime and logistics sectors is "unreasonable" and is "actionable" under U.

A US government investigation concluded that Chinese subsidies unfairly benefit the nation’s shipbuilding industry and harm American competitors, a decision that likely sets the stage for tariffs.

The US Trade Representative said Thursday that its probe into China's practices in the shipbuilding, maritime and logistics sectors found that Beijing's "targeted dominance" warranted action. The USTR investigation found China's efforts to dominate the sector "unreasonable" as it displaces foreign firms and creates dependencies on the world's second biggest economy.