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...
A survey by the American Chamber of Commerce in China says most companies that do relocate look to Southeast Asia. Vietnam's exports to the U.S. jumped 33% in the first six months of this year, compared with the same period last year.
The American Chamber of Commerce in China conducted a survey in May of almost 250 member companies that found about 75% of its members reported that the increase of U.S. and China tariffs have negatively affected their business.
According to an Amcham China survey in May, 35 per cent of US companies in China said they were adopting an “in China, for China” strategy to cope with the impact of tariffs.