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US Commerce Chamber in China Sees US Businesses Suffering Due to US-China Frictions

US
  • American Chamber of Commerce in China said both US & China should reduce "unhelpful rhetoric" and reopen lines of communication amid fraying ties.
  • AmCham says U.S. businesses suffer at the local level in China when friction between the two countries escalates
  • China's FM Spox Chunying noted "We never target any company/country or make restrictions on them, unlike some countries that take a protectionist approach.
  • Tensions are also being felt on a larger scale with Tesla halting its plans to buy land to expand its Shanghai plant into a global export hub, given 25% tariffs on imported Chinese EVs imposed on top of existing levies.
  • US trade chief Tai, has vowed to build on the deal with China reached under Trump, while adding that the removal of tariffs would depend on the outcome of upcoming conversations with her counterparts – expected "in the near future."
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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