US firms cautious about investing in China amid rising tensions, AmCham says

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US firms cautious about investing in China amid rising tensions, AmCham says - SCMP

Quick Summary:

Many American companies no longer prioritising Chinese market despite Beijing’s efforts to woo foreign investors, new report finds.

Hart said both Chinese and US commerce authorities had been collecting feedback from companies to assess the impact of the current tariffs, as he urged both governments to prioritise creating a stable policy environment for US-China economic relations going forward.“It does look like both governments are looking carefully and don’t want to stop trade overall,” he said.“Anecdotally, companies are reporting that they’re able to bring in some items without tariffs,” he added.“We haven’t seen an official announcement.We’ll wait for that.

Relations have only grown more fraught since AmCham China conducted the survey of more than 350 US firms in late 2024, with the two powers locked in an escalating trade war that has seen both sides raise tariffs on each other’s goods by more than 120 per cent.