Trump's tariffs seen cutting into China sales of US companies, survey finds

Core Insights - Many U.S. companies operating in China anticipate a decline in sales due to tariffs imposed by both the U.S. and China [1] - Nearly two-thirds of surveyed companies expect reduced revenues for their China operations in 2025 due to the tariffs [2] - U.S.-China tensions are identified as the primary challenge for companies over the next three to five years [5] Impact of Tariffs - Approximately 30% of respondents, particularly in banking and industries not reliant on U.S. imports or exports, do not foresee any impact from the tariffs [2] - The tariffs have significantly affected companies that export to the U.S. or import American components, with manufacturers being the hardest hit [3][4] - Close to 75% of manufacturers indicated that import taxes would negatively impact their revenues in China for 2025 [4] Trade Relations and Future Outlook - Ongoing trade talks between the U.S. and China have created uncertainty for companies planning for the future [3] - The American Chamber of Commerce in Shanghai emphasizes the need for improved bilateral relations as a top priority for businesses [5]