The American Chambers of Commerce in China and Shanghai conducted a survey of American companies engaged in manufacturing, trading and distribution activities in the PRC. Its results showed that the majority of respondents felt the negative impact of increased tensions in trade relations between the United States and China. Three-quarters of survey participants noted that an increase in US import duties from 10% to 25% on Chinese goods worth $200 billion reduced the demand for their products in China, as well as increased production costs and prices. This situation forces US companies to resort to a “in China, for China” strategy, which implies locating production in China and identifying suppliers that are mainly focused on the Chinese market.
Honda to resume auto production in China plants on February 2114.02.2020
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Japanese policymakers prepare for Q4 GDP decline and virus risks13.02.2020
Foxconn: recent Reuters report on factory resumption in China, not factual