Page 15 - THE SOUTH CHINA BUSINESS JOURNAL
P. 15
U.S.-China trade war and Participants in Scan
its tariff-counter-tariff style of the Study include to read
negotiation is impacting not just companies from the full
the Chinese or U.S. businesses report!
but also companies from many China, U.S.,
other countries as well, according Canada, European losses of market share than those
to the new Special Report on the in agribusiness.
Impact of U.S. and Chinese Tariffs Union, Japan,
conducted by the American Korea, Southeast Chamber president Dr.
Chamber of Commerce in South Asia, Australia, Harley Seyedin said the
China (AmCham South China). New Zealand, and immediate impact has not yet
Hong Kong and been completely felt by these
The Special Report on the businesses since much of the
Impact of U.S. and Chinese Macau SARs. orders for export items from
Tariffs was conducted between both countries had been placed
September 21 and October 10, Nearly a half of the respondents long in advance of the dispute
shortly after the additional report that they have lost market and in many cases few, if any,
US$200 billion in tariffs on share to companies from other alternative sourcing options are
Chinese products imposed by countries due to the trade war. available. “The primary concerns
the Trump administration and Vietnam, Germany, and Japan are at this point is that consumers
the tariffs on US$60 billion generally considered as the top in both nations may have to pay
on the U.S. products by the three competitors particularly for slightly more for many items now
Chinese government. A total the U.S. companies in imports and and likely much higher prices
of 219 companies participated, exports, while for the Chinese the in the not too distant future,”
of which one third are engaged competitions come from Vietnam, Seyedin added.
in the manufacturing industry, India, and Korea. Among all
more than one half in the service the participants, manufacturing According to the Study,
sector, and around one seventh companies are suffering more although plans for relocation
in other industries. Roughly 95 of manufacturing lines outside
percent of respondents have of China are considered by a
operations in China. majority of respondents, only very
few participants will give up the
The Study shows the combined Chinese market. Instead, most of
tariffs have negatively impacted the respondents see the expansion
various industries and companies of the Chinese market as one of
not only from the U.S. and China, the most important remedies for
but also those from different the imposed tariffs, which sheds
origins, affecting business
operations and resulting in
substantial loss of business volume
and market share. Participants in
the Study include companies from
China, U.S., Canada, European
Union, Japan, Korea, Southeast
Asia, Australia, New Zealand, and
Hong Kong and Macau SARs.
South China Business Journal 13
its tariff-counter-tariff style of the Study include to read
negotiation is impacting not just companies from the full
the Chinese or U.S. businesses report!
but also companies from many China, U.S.,
other countries as well, according Canada, European losses of market share than those
to the new Special Report on the in agribusiness.
Impact of U.S. and Chinese Tariffs Union, Japan,
conducted by the American Korea, Southeast Chamber president Dr.
Chamber of Commerce in South Asia, Australia, Harley Seyedin said the
China (AmCham South China). New Zealand, and immediate impact has not yet
Hong Kong and been completely felt by these
The Special Report on the businesses since much of the
Impact of U.S. and Chinese Macau SARs. orders for export items from
Tariffs was conducted between both countries had been placed
September 21 and October 10, Nearly a half of the respondents long in advance of the dispute
shortly after the additional report that they have lost market and in many cases few, if any,
US$200 billion in tariffs on share to companies from other alternative sourcing options are
Chinese products imposed by countries due to the trade war. available. “The primary concerns
the Trump administration and Vietnam, Germany, and Japan are at this point is that consumers
the tariffs on US$60 billion generally considered as the top in both nations may have to pay
on the U.S. products by the three competitors particularly for slightly more for many items now
Chinese government. A total the U.S. companies in imports and and likely much higher prices
of 219 companies participated, exports, while for the Chinese the in the not too distant future,”
of which one third are engaged competitions come from Vietnam, Seyedin added.
in the manufacturing industry, India, and Korea. Among all
more than one half in the service the participants, manufacturing According to the Study,
sector, and around one seventh companies are suffering more although plans for relocation
in other industries. Roughly 95 of manufacturing lines outside
percent of respondents have of China are considered by a
operations in China. majority of respondents, only very
few participants will give up the
The Study shows the combined Chinese market. Instead, most of
tariffs have negatively impacted the respondents see the expansion
various industries and companies of the Chinese market as one of
not only from the U.S. and China, the most important remedies for
but also those from different the imposed tariffs, which sheds
origins, affecting business
operations and resulting in
substantial loss of business volume
and market share. Participants in
the Study include companies from
China, U.S., Canada, European
Union, Japan, Korea, Southeast
Asia, Australia, New Zealand, and
Hong Kong and Macau SARs.
South China Business Journal 13
