A survey from AmCham China and AmCham Shanghai found that nearly two-thirds of more than 430 U.S. firms in China say the duties Trump placed on billions of dollars of Chinese imports this summer have hurt their businesses.
Nearly half of respondents — who work in retail, food and manufacturing — say production costs have climbed, and 42 percent said they’ve noticed a decreased demand for their goods.
Just 6 percent, meanwhile, said they would consider moving factories to U.S. soil.
AmCham chairman William Zarit said American business leaders in China want Trump to rethink the levies he has proposed on an additional $200 billion in Chinese imports, including many consumer goods. The new border taxes are expected to take effect this fall.
“The U.S. administration runs the risk of a downward spiral of attack and counterattack, benefiting no one,” Zarit said in statement.