More than 47 per cent of the businesses surveyed expect a ‘strong negative impact’ if the White House imposes tariffs on US$200 billion worth of Chinese goods destined for the US. Photo: AFP

Half of US firms in China foresee acute pain from new tariffs as trade war escalates, AmCham survey finds

The American Chambers of Commerce in Beijing and Shanghai found that US firms there expect to lose profits as high production costs and lower demand for products kick in

Topic |   US-China trade war

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More than 47 per cent of the businesses surveyed expect a ‘strong negative impact’ if the White House imposes tariffs on US$200 billion worth of Chinese goods destined for the US. Photo: AFP
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