On Friday, the U.S. imposed tariffs on $34 billion worth of Chinese imports. Steve Inskeep talks to William Zarit, chairman of the U.S. Chamber of Commerce in China, about the impact of tariffs.
“There are no winners in a trade war,” said William Zarit, chairman of the American Chamber of Commerce in China. “We urge the two governments to come back to the negotiation table with the aim of having productive discussions based on achieving results — focused on fairness and reciprocal treatment — instead of escalating the current situation.”
On the subject of American companies, a reminder of what the American Chamber of Commerce William Zarit said in a Bloomberg Television interview earlier this year:
"There’s no question that over the last 20 years that we’ve been carrying out this survey that things have improved, and in fact it seemed like China was on a trajectory to be more open,...
Last Friday, AmCham China, which represents about 900 companies here, called a private meeting at a Beijing hotel to discuss the effects of the ongoing negotiations.