President Donald Trump is threatening to slap tariffs on another $200 billion in Chinese imports as trade tensions between the world’s two largest economies reach new heights. William Zarit, chairman of the American Chamber of Commerce in China, weighs in on "Bloomberg Daybreak: Asia" with Yvonne Man.
William Zarit of the American Chamber of Commerce in China says the decision by Washington to resort to tariffs is a result of the little progress made despite years of talks with Beijing to open up the latter's markets.
Releasing its annual business climate survey in January, the American Chamber of Commerce in China said 75 per cent of companies surveyed said they felt less welcome, with technology firms in particular complaining about unfair treatment.
‘’[The law] runs the risk of handicapping international scientific research in the exaggerated interest of national security and industrial policy, ‘’said Lester Ross, head of the policy committee at the American Chamber of Commerce in China and a partner at law firm Wilmer Hale.