William Zarit, chairman of the American Chamber of Commerce in China, told the Global Times Friday in a note that “there are no winners in a trade war. Counter-productive import tariffs, such as these, hurt not only the economies of the US and China but those of every country in the world.”
Zarit said he is concerned with US firms doing business in China, stressing that “increased tensions between China and the US will negatively impact their operations in China.