"The direction of what the US government is doing, and that is to apply some pressure, use some leverage, to level the playing field is the right one, although I don't think tariffs is the best way to go," said William Zarit. chairman of the American Chamber of Commerce in China.
"I think it (trade war) will hurt both countries, and there would be collateral damage, I’m sure, in other markets. So a trade war, basically, everybody loses."
——William Zarit, chairman of the American Chamber of Commerce in China.
Capital Alpha Partners Senior Political Analysis James Lucier and American Chamber of Commerce in China Chairman William Zarit weigh in on President Trump’s trade tariffs and the possibility of a trade war with China.
Trade tension between China and the US is one of the hottest topics at this year’s China Development Forum (CDF). The chairman of the American Chamber of Commerce in China (AmCham China), William Zarit, said that tariffs are not their preferred approach to resolving issues.