The American Chamber of Commerce in China said in a paper this year that market access restrictions still affect more than half of its members, with challenges particularly acute in technology and research and development-intensive sectors, where over 75% of its members report issues.
“The President could issue orders that would make it very difficult for American companies to continue to do business in China, but I think it’s not a legal question of whether he’s going to do that — it’s a political and economic question,” said Timothy Stratford, chairman of the American Chamber of Commerce in China.
China's FDI has grown from $46.88 billion in 2001 to $135 billion last year. According to the 2019 China Business Climate Survey Report by the American Chamber of Commerce in China, the nation continues to be a priority for all sectors in terms of their near-term global investment plans.
The new tariffs are a sharp escalation in the bruising trade war, and could cost households $800 a year. The move is the first phase of US President Donald Trump's latest plan to place 15% duties on $300bn of Chinese imports by the end of the year. The American Chamber of Commerce in China voiced concerns after the US said it was going ahead with new...