President Donald Trump’s statements about China have gone down the wrong way with American business. US Chamber of Commerce rejected the president’s remark that American companies should better look for alternatives to production in China.
The influential lobby club does not want the relationship between China and the US to deteriorate even further.
“Although we share the president’s frustration, we believe that continued, constructive engagement is the right way,” responded Myron Brilliant, vice president and head of international affairs at the US Chamber of Commerce.
China has announced new import taxes on US $ 75 billion of US goods, including cars, crude oil, and soybeans. Trump dealt mercilessly with this in a series of messages on Twitter. His comments caused a shock reaction on the financial markets. Investors fear that a further escalation of the trade war will lead to an economic downturn.