China Halts $690 Billion in U.S. Imports—U.S. Economy Takes a Hit! Electric Vehicles, Trade Wars

China Halts $690 Billion in U.S. Imports—U.S. Economy Takes a Hit! Electric Vehicles, Trade Wars For years, automakers relied on a steady flow of semiconductors from overseas manufacturers, particularly in Asia. China, Taiwan, and South Korea have been at the center of global chip production, providing the components needed for everything from navigation systems to electric vehicle batteries. But in recent years, rising geopolitical tensions have thrown a wrench into that once-reliable system. The US government has been tightening restrictions on China’s access to advanced chip technology, citing concerns over national security. Meanwhile, China has doubled down on its Made in China 2025 initiative, a strategic plan aimed at making the country self-sufficient in high-tech manufacturing. As both sides push forward with these policies, American automakers are feeling the pressure. 🔔 Subscribe now with all notifications on for more! 📺 Watch the entire video for more information! 🎞️ Copyright Disclaimer under section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education, and research. Fair use is a use permitted by copyright statutes that might otherwise be infringing. ©️ If you are the owner of the materials used in this video, let us know in the comments. We will follow your request immediately.