“American companies are suffering both from China’s retaliatory tariffs, and — ironically — from U.S. tariffs designed to harm the Chinese economy,” said the two groups in a statement. “AmCham China and AmCham Shanghai urge both governments to return to the negotiating table.”
The chairman of the American Chamber of Commerce in China warned the Trump administration might be underestimating China’s resolve to fight back.
“The U.S. Administration runs the risk of a downward spiral of attack and counterattack, benefiting no one,” said William Zarit in the statement.