Caixin
Sep 13, 2018 08:08 PM
BUSINESS & TECH

U.S., EU Firms in China Feel Pinch From Trump’s Tit-for-Tat Trade War

The assembly line of a Ford Motor Co. plant is seen in Hangzhou, Zhejiang province, in April 2017. Photo: IC
The assembly line of a Ford Motor Co. plant is seen in Hangzhou, Zhejiang province, in April 2017. Photo: IC

* The number of U.S. businesses in China reporting a “strong negative impact” from the current U.S. tariffs stood at 21.5%, with the figure jumping to 47.2% if new tariffs on an additional $200 billion of Chinese imports are imposed

* European Chamber’s report found the trade war is extending beyond just U.S. and Chinese companies, reflecting the highly connected nature of global markets and supply chains

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