The revised list removed many restrictions in sectors such as finance, infrastructure, transportation, culture, automobiles, ships, airplanes, agriculture, energy, and resources industries. Nearly a quarter of the restrictions in these sectors were removed or loosened. This helps to explain why the American Chamber of Commerce in China reports that...
“I would hope that both sides would understand that it is better to resolve this through discussion, through negotiation, and through good-faith negotiation,” said William Zarit, President of American Chamber of Commerce in China.
Zarit said the ongoing trade dispute is creating major uncertainties for US firms. They are doing what they can to adapt to the current situation by modifying supply chains and communicating with governments on both sides.
William Zarit, chairman of the American Chamber of Commerce in China shared his views on trade war on World Insight with Tian Wei.