“A gradual decoupling is happening de facto because companies have to make alternative plans when there’s so much uncertainty,“ said Tim Stratford, chairman of the American Chamber of Commerce in China and a former assistant U.S. trade representative.
Timothy Stratford, chairman at AmCham China and managing partner at Covington & Burling, discusses the ratcheting up of tensions between the U.S. and China and what it means for the trade talks and U.S. companies doing business in China. He speaks on “Bloomberg Markets: China Open.” (Source: Bloomberg)
In our exclusive interview with Timothy Stratford, the Chairman of the American Chamber of Commerce, also the Managing Partner of the Convington & Burling LLP based in Beijing, he said it’s not practical to move U.S. companies out of China as it will cause severe damage to the U.S. economy. China has been capable of manufacturing high-tech items, and...
Soon after, a survey by Amcham China, which represents U.S. businesses, showed that a third of its members were planning to shift the sourcing of components or assemble some goods outside of China.