BEIJING (AP) — Two American business groups have released a survey that found almost two-thirds of U.S. companies in China have been hurt by the tariff war between Beijing and Washington and others say they will suffer if the two sides go ahead with more penalties.
The American Chambers of Commerce in China and in Shanghai appealed Thursday to both governments to avoid further damage by resuming negotiations aimed at settling the dispute over Beijing’s technology policy.
The chambers said 63.6 percent of more than 430 companies that responded to the survey said costs have risen and customer demand has fallen. Almost three-quarters said they would be hurt if President Donald Trump goes ahead with plans to raise duties on another $200 billion of Chinese goods and Beijing retaliates.