Despite Trump’s ‘order’ to cut ties, vast majority of U.S. companies plan to stay in China

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In a new survey of U.S.-China Business Council members, 87 per cent of respondents said they neither have moved nor plan to shift operations

When President Donald Trump ordered American companies last week to break off ties with China, he gave a directive that conflicts with the plans of a vast majority of large U.S. firms doing business there.

“The majority of American companies surveyed remain committed to the China market and few are currently divesting existing operations,” according to the survey results released Thursday in Washington. The survey was taken before Trump’s Aug. 23 tweet, which said: “Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.”

“We do not believe that he wishes to encourage other American companies that have successful operations in China to leave,” Allen said. “Our members are in China for the long term, none of them are anticipating orders to leave.”

 

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make money in china, don't let chinese companies make money in US and everywhere else!

The world needs treat Trump as a temporary problem... it may take a long time to fix the damage but once he is gone the repair work can start.

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 /  🏆 10. in JP

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