Of those companies surveyed by the American Chamber of Commerce in South China, 19 per cent said the impact from US tariffs on their business was strongly negative, while 31 per cent said the impact was slightly negative. Photo: Shutterstock
US-China trade war has hit ‘about half’ of businesses in southern China, AmCham survey says
- American Chamber of Commerce in South China report contacted 240 firms, with 54 per cent of American companies losing out to competitors from overseas
- Firms looking to relocate supply chains cite higher costs and trade barriers in China
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China economy
Of those companies surveyed by the American Chamber of Commerce in South China, 19 per cent said the impact from US tariffs on their business was strongly negative, while 31 per cent said the impact was slightly negative. Photo: Shutterstock
China and the United States continued trade talks in Washington last week. Photo: AFP
Will the US-China trade war improve access for American firms seeking to tap 1.4 billion people?
- Washington feels Beijing has been discriminating against US businesses, limiting investment and trade flows while also imposing restrictive non-tariff barriers
- Bank card service providers Mastercard and Visa have been seeking to start yuan payment services since a WTO ruling in 2012, but are still waiting for approval
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US-China trade war
China and the United States continued trade talks in Washington last week. Photo: AFP