A top U.S. business lobby in China said on Wednesday that nearly half of its mem...
BEIJING - 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.
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. The chamber said in February that a majority of its members reported in an earlier annual survey that they favored the United States retaining tariffs on Chinese goods while Washington and Beijing try to hammer out a deal to end the months-long trade war.
Trade negotiations between the United States and China have soured dramatically since early May, when Chinese officials sought major changes to the text of a proposed deal that the Trump administration says had been largely agreed.
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