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            may 24, 2019

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AmCham China: Member firms back US tariffs for now


The American Chamber of Commerce in China has said that most of its member firms are in support of maintaining the US tariffs placed on Chinese goods while the two countries attempt to reach an agreement following the months-long trade war, reports Reuters.
"There are mixed feelings about the tariffs, but a majority are in support of the tariffs continuing at the present time," said chamber chairman Tim Stratford.
Many US industries and lawmakers have indicated that they are increasingly frustrated with China's failure in living up to its World Trade Organisation commitments.
Chamber president Alan Beebe said 47 per cent of members wanted the US to "advocate more strongly" for a level playing field for US businesses in the world's second-largest economy.
After almost eight months of tit-for-tat tariffs, some have communicated their concern that Trump could end up settling for a deal that increases commodity sales to China while in actual fact doing little to change China's underlying trade practices and industrial policies.

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