Joint survey: Impact of US and Chinese tariffs on American companies in China
Published 13 September 2018 | 1 minute read
Amid escalating U.S.-China bilateral trade tensions, AmCham China and AmCham Shanghai conducted a joint survey of over 430 member companies to measure the impact of tariffs imposed by both the U.S. and Chinese governments.
The report found that $200 billion in tariffs will have strong negative impact on half of U.S. businesses in China. Close to two-thirds of respondents said that the tariffs are having a negative impact, with 63.6% reporting that the initial $50 billion of tariffs from the U.S. are affecting their business operations, while a similar number (62.5%) said the same about China’s $50 billion worth of tariffs.
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