A top U.S. business lobby in China said on Wednesday that nearly half of its members are seeing non-tariff barrier retaliation in China as a result of the increasingly bitter trade war between Beijing and Washington.
The American Chamber of Commerce of China and its sister body in Shanghai, citing a recent survey of members on the impact of tariffs, also said that 40.7% of respondents were considering or had relocated manufacturing facilities outside China.
Of the almost 250 respondents to the survey, which was conducted after China and the United States both raised tariffs on each other’s imports earlier this month, almost three-quarters said the impact of tariffs was hurting their competitiveness.
