Tariffs hit China's tech trade in America, but the rest of the world kept buying

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• Tariffs hit China's tech trade in America, but the rest of the world kept buying</p>

<p>Huileng TanSeptember 22, 2025 at 12:28 AM</p>

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<p>A superconducting quantum computer on display at a tech exhibition in China.Han Suyuan/China News Service/VCG/Getty Images -</p>

<p>China's tech exports to the US have fallen 70% since the fourth quarter due to President Trump's tariffs.</p>

<p>Other Asian countries, like South Korea and Vietnam, are exporting much more to the US.</p>

<p>Global demand for AI products remains strong, boosting Asia's tech exports overall.</p>

<p>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.</p>

<p>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.</p>

<p>The collapse followed the rollout of President Donald Trump's new tariffs, including a 20% "fentanyl tariff" on all Chinese imports that took effect in March.</p>

<p>Meanwhile, other Asian economies filled the gap. From the fourth quarter through August, tech exports to the US from countries like South Korea, Vietnam, and India jumped 80%, according to Goldman.</p>

<p>Outside the US, Chinese tech exports didn't suffer the same fate. Demand in Europe, Asia, and emerging markets kept growing.</p>

<p>"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.</p>

<p>In July, China and the rest of Asia's tech exports to non-US markets rose about 20% relative to the fourth quarter of 2024, "reflecting strength in global tech demand," Goldman's analysts wrote.</p>

<p>The tariffs underscore how Washington's trade war is reshaping supply chains and driving high-tech decoupling with China.</p>

<p>But the divergence also reflects a bigger trend: a steady reordering of tech supply chains that accelerated during the pandemic and has been reinforced by Washington's trade policies.</p>

<p>In 2017, nearly half of the US's critical tech imports came directly from China. By 2025, that figure has fallen below 20%, Goldman estimated.</p>

<p>Taiwan, Mexico, Japan, India, and Vietnam have gained market share in the process.</p>

<p>Asia AI exports boom</p>

<p>Despite the pressure on China, Asia is thriving in the AI-fueled export boom.</p>

<p>Overall exports from the region rose 7% in dollar terms through August compared to a year earlier, Goldman said. Technology products accounted for more than 60% of those gains.</p>

<p>Taiwan has been the breakout winner, with over 70% of its exports coming from tech — the highest share in Asia.</p>

<p>In August, Taiwan's exports surged 30% from the fourth quarter of 2024, powered by advanced chips and servers that are critical for AI data centers.</p>

<p>Goldman's analysts wrote that they expect the reshuffling to continue.</p>

<p>"Tech supply chains will likely continue to shift, further driving high-tech decoupling between the US and China and reconfiguring of Asia's trade within and outside the region," they wrote.</p>

<p>on Business Insider</p>

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