In a July 6 interview with nowTV News, AmCham Chairman Jack Lange provided an overview of rising U.S.-China trade tensions and what it means for business in the region.
Expressing optimism that the U.S. and China could resolve any issues through further negotiation, Jack Lange noted that the early trade war has already had various wide-ranging impacts. In addition to U.S. companies with factories in China, professional service firms supporting the mainland market have also been affected.
Since the beginning of the year, some U.S. companies have already been preparing contingencies for an increasingly strained trading relationship - such as sourcing cheaper raw materials from markets outside China. As of now, there are no reports of companies intending to withdraw funds from China.
Watch a clip of the interview at nowTV News
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