BEIJING—A new survey of U.S. companies doing business in China found that 31.1% are considering delaying or canceling investment decisions over uncertainties created by tariffs and U.S.-China trade friction.
In addition, 50.8% of the companies surveyed said they anticipate a loss of profits because of the tariffs, while 47.1% said they are bracing for higher manufacturing costs.
“American companies are suffering both from China’s retaliatory tariffs, and—ironically—from U.S. tariffs designed to harm the Chinese economy,” the American Chamber of Commerce in China and the chamber’s Shanghai chapter said in a joint statement.