How high tensions between China and the U.S. are impacting American companies

  • 📰 KPBSnews
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Commerce Secretary Gina Raimondo is set to travel to China at a time when U.S. executives and investors are facing increasing uncertainty and risk doing business there.

Commerce Secretary Gina Raimondo is set to become the latest government official to travel to China amid rising tensions between the two countries. The worsening relations are leaving American companies facing an uncertain environment.

Even before tensions increased between the two countries, U.S. companies' perceptions of China had already taken a hit. The emergence of China from the pandemic came as tensions with the U.S. over issues ranging from Taiwan to intellectual property to labor practices have worsened.The U.S. banned the export of certain microchips to China. Then China imposed restrictions on two rare elements used in high-tech manufacturing.

"There's just the uncertainty around what kind of activity might attract the wrong kind of scrutiny, and get you into trouble."Even before President Biden signed that executive order, U.S. investors steered away from certain parts of China's economy, especially in technology and sectors such as AI and chips that have potential national security implications.

Still, many companies plan, or at least hope, to stay put — given how much they have invested in manufacturing facilities already, and the time it takes to adjust supply chains.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 240. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How high tensions between China and the U.S. are impacting American companiesCommerce Secretary Gina Raimondo is set to travel to China at a time when U.S. executives and investors are facing increasing uncertainty and risk doing business there.
Source: NPR - 🏆 96. / 63 Read more »

How high tensions between China and the U.S. are impacting American companiesCommerce Secretary Gina Raimondo is set to travel to China at a time when U.S. executives and investors are facing increasing uncertainty and risk doing business there.
Source: KPBSnews - 🏆 240. / 63 Read more »