Caixin Global

More than 30% of member companies are seeking to source components or assembly outside of China as they adjust their supply chains to avoid the impact of the tariffs, according to a joint survey released last week by Beijing-based AmCham China and AmCham Shanghai, two groups representing American businesses in the country.
A similar poll released by the European Chamber of Commerce in China showed 17% of respondents said they were delaying further investment and/or expansion due to Sino-U.S. trade tensions.
Both the American business groups issued statements on Tuesday after the tariff announcement expressing concern over the potential harm Trump’s latest tariffs may inflict on U.S. firms and calling for the two governments to return to talks.