Page 5 - Special Report on the Impact of U.S. and Chinese Tariffs

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At a time when the tit-for-tat trade tensions ?函?銝?晴??揮撘???踵?蝏???抒????嚗?
between the U.S. and China continue to ???蝢?????餈??鈭??憿寧?????伐?
intensify, the American Chamber of Commerce in 隞亥﹛???銝?舅?賢?蝔??敶勗????憿寡??乩?2018撟?
South China conducted a special Study to measure 9??21?亥?10??10?交??渲?銵???????銋???寞?
the impact of tariffs imposed by both countries. ???摨??銝??鈭批?敺??2000鈭輻?????喟?嚗?葉??
The Study was conducted between September 21 ?踹?撖寧??賭漣?????600鈭輻?????喟????甈∟???
and October 10, 2018, shortly after the additional ?望?219摰嗡????銝??銝???嗡葉銝??銋??隞???園??
$200 billion in tariffs on Chinese products imposed 銝??銝???誑銝??鈭???∩?嚗?漲銝??銋??隞???嗡?銵?
by the Trump administration and the tariffs on 銝???????銋??鈭?????隡???其葉?賣?餈?????霈?
$60 billion on the U.S. products by the Chinese 隡??銝餉??亥?銝??憭折?????賬????踹之????????
government. 219 companies in total participated ??????賬????????噫憭批?鈭????镼踹???葉?賡?皜?
in the Study, of which one third are engaged in the ?孵?銵???箏?銝??瞉喲??孵?銵???箝???銝?????霈?
manufacturing industry, more than one half in the 隡???亥?蝢??嚗????????銝??亥?銝??憭折??????
service sector, and around one seventh in other 敺??瘜函????嚗??隞?????蝷箔?銝???交??啁???
industries. 95% of respondents have operation in 霈蹂?銝???????
China. Participants in the Study include companies
from Mainland China, U.S., Canada, European
Union, Japan, Korea, Southeast Asia, Australia, New
Zealand, and Hong Kong and Macau SARs. Nearly a
half of the respondents originate from the U.S., and
one third from Mainland China. Where necessary,
we have presented the responses from companies
of different origins separately.

Key Take Away ?喲?閬??

?? Combined tariffs have negatively impacted ?? 蝢?葉?喟?撖孵?銵??銝??銝???賢????銝??鈭?
various industries and companies from different ???韐??敶勗?嚗?蔣???銝??餈??嚗???游?銝??憸??
origins, affecting business operations and result- 撣??隞賡?憭批??????
ing in substantial loss of business volume and
market share. ?? 餈???啣?霈蹂?銝?”蝷粹??喟?憯?????憓??嚗?
?嗡葉摰????????蝞∪??亙???誑????喲??漲?????
?? Nearly a half of the respondents report an ?????瘜函?銝支葵?????
increase in non-tariff barriers, among which com-
plications from increased bureaucratic oversight or 3

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