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A new survey of US companies operating in China found that 31.1% were considering delaying or canceling investment decisions due to uncertainties created by tariffs and trade friction between companies. United States and China.
In addition, 50.8% of the companies surveyed said they anticipated a loss of profits because of tariffs, while 47.1% said they were preparing for higher manufacturing costs.
"US companies are suffering from both Chinese retaliation and, ironically, US tariffs designed to harm the Chinese economy," said the US Chamber of Commerce in China and the Shanghai section of the House in a statement. common.
The survey is based on responses from 432 companies from both chambers and was conducted between August 29 and September 5, they said. The chambers did not release the names of the respondents, but chamber members include operations based in China.
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The United States and China have imposed tariffs of 25% on products of $ 50 billion. The Trump administration offers tariffs of up to 25% on additional Chinese goods worth $ 200 billion, while China is ready to respond immediately with withdrawals of $ 60 billion. dollars of American products.
The survey released on Thursday also showed that if the US imposed an additional $ 200 billion tariff on Chinese products, 74.3 percent of those polled would be harmed, while additional $ 60 billion in Chinese levies would affect 67.6% of those surveyed.
Tariffs and trade tensions are pushing 6% of respondents to consider relocating their manufacturing facilities in the United States, while 64.6% say they do not intend to relocate.
The survey also revealed that 30.9% of respondents adjust their supply chains outside the United States, while 30.2% make similar adjustments outside the US. China.
In addition to tariffs, US companies have been concerned about non-tariff and "qualitative" measures that China could take against them. In the survey, 52.1% reported experiencing such measures, which includes more inspections and slower clearance.
In a separate poll conducted by the European Chamber of Commerce in China, also released on Thursday, 17 percent of respondents said they were delaying investment in China or expanding it.
The Trump administration says the tariffs are aimed at reversing unfair business practices, including measures that prevent US companies from doing business in China. Beijing argues that it supports free and open trade.
"We welcome US companies and other foreign companies to invest and start businesses in China, and we are ready to share China's development opportunities and dividends," spokesman Geng said on Wednesday. Shuang.
Write to Yoko Kubota at [email protected]
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