William Zarit, head of the American Chamber of Commerce in Beijing, did not think there would be direct reprisals by the Chinese government against US executives. “They don’t want to kill the goose that lays the golden egg and they don’t want to send a negative message to third country investors,” he said.
David Greene talks to William Zarit of the U.S. Chamber of Commerce in Beijing, about what the pause in the trade war means to Americans doing business in China.
William Zarit: …what I do see, you know, the Chinese - the party and the government - basically, they control the economy, most of the Internet, media, security. And they can pretty much,...
William Zarit, chairman at the American Chamber of Commerce in China, discusses the U.S.-China trade relationship and what could possibly come from the meeting between President Trump and President Xi. He speaks on “Bloomberg Daybreak: Europe."
Trump is under pressure from American businesses to resolve the trade fight. In September, U.S. companies in China said they were already hurting from the initial $50 billion worth of tariffs, according to a joint survey from the American Chamber of Commerce China and the American Chamber of Commerce Shanghai.