{"id":133740,"date":"2025-09-10T12:45:13","date_gmt":"2025-09-10T12:45:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/133740\/"},"modified":"2025-09-10T12:45:13","modified_gmt":"2025-09-10T12:45:13","slug":"trumps-tariffs-seen-cutting-into-china-sales-of-us-companies-survey-finds","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/133740\/","title":{"rendered":"Trump’s tariffs seen cutting into China sales of US companies, survey finds"},"content":{"rendered":"\n

BEIJING (AP) \u2014 Many U.S. companies operating in China expect their sales to take a hit this year from U.S. President Donald Trump’s tariffs<\/a> and the ones that China has imposed in response, according to an annual survey released Wednesday by the American Chamber of Commerce in Shanghai.<\/p>\n

Nearly two-thirds of the 254 companies who responded said the new tariffs have reduced expected revenues for their China operations in 2025. About one-third, many in banking and other industries that don’t import from or export to the U.S., don’t expect any impact.<\/p>\n

Trump has imposed an additional 30% tax on imports from China, after raising them at one point to 145% before the two countries agreed in May to scale back<\/a> a tit-for-tat tariff war. China has responded with a 10% tax on U.S. imports.<\/p>\n

The tariffs hit companies that export to the U.S. and those that import American parts or ingredients for their production in China, such as chemical companies, Shanghai chamber leaders said.<\/p>\n

\u201cTariffs have had a huge impact on our operations,\u201d said Eric Zheng, the president of the group.<\/p>\n

The two sides are holding trade talks, but where they are headed on tariffs and other issues is unclear. The uncertainty is a challenge for companies that need to make plans for the future, Zheng said.<\/p>\n

American courts have ruled that most of Trump\u2019s tariffs are an illegal use of a U.S. emergency powers law, but the import taxes remain in place as his administration appeals the case<\/a> to the Supreme Court.<\/p>\n

The Shanghai chamber survey, conducted from May 19 to June 20, found that manufacturers are being hit the hardest by the tariffs, with close to three-quarters saying the import taxes would reduce their 2025 China revenues.<\/p>\n

Respondents named U.S.-China tensions as their top challenge for the next three to five years. Zheng called improving the bilateral relationship \u201cour No. 1 ask.\u201d<\/p>\n

The Associated Press<\/p>\n","protected":false},"excerpt":{"rendered":"BEIJING (AP) \u2014 Many U.S. companies operating in China expect their sales to take a hit this year…\n","protected":false},"author":2,"featured_media":133741,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72821,45,49,48,72822,95,1376,46,4992],"class_list":["post-133740","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-american-chamber-of-commerce","tag-business","tag-ca","tag-canada","tag-chemical-companies","tag-china","tag-donald-trump","tag-economy","tag-tariffs"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/133740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=133740"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/133740\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/133741"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=133740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=133740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=133740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}