Major US companies have not viewed removal of tariffs as key goal in ending China trade war

CFOs of U.S.-based corporations do not think reduction in tariffs are the key to resolving the trade war with China.

Reduction of tariffs to pre-2016 levels was cited only by 5% of U.S.-based CFOs as an issue that they would like to see come out of a trade deal with China. Elimination of tariffs also was cited by only 5% of U.S.-based CFOs. In the Europe, Middle East, Africa region and Asia-Pacific region, though, the tariffs issue is a much bigger deal. Forty percent of EMEA CFOs cited reduction of tariffs as the No. 1 issue, and another 20% of EMEA CFOs cited elimination of all tariffs. In Asia 30% of CFOs cited elimination of all tariffs as what their companies would like to most see come out of a trade deal.

C-suite views on trade policy also moderated in the second quarter. Roughly 42% of CFOs say U.S. trade policy will be a negative for their businesses over the next six months, down sharply from a peak of 75.7% in Q4 and 63% in Q1. Meanwhile, 15.6% say trade policy will have a positive impact, up from roughly 5% in Q1. Among U.S. CFOs, 35% said U.S. trade policy will be a negative over the next six months. A combined 60% said trade policy would have a positive impact or no impact .

CHINA DID NOT START THE TRADE WAR POTUS DID. HE GETS ONE CREDIT TO ADD TO HIS PRESIDENCY

Singapore Singapore Latest News, Singapore Singapore Headlines

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

U.S. Stocks’ Losses Ease Despite Intensified China Trade TensionsU.S. stocks erased most of their losses, easing from session lows after heightened anxiety over the U.S.-China trade spat pressured major stock indexes. Thank you for your service RampCapitalLLC. NO DEAL unless with China unless US can get a good free trade deal --- for both sides. 250 points is still slightly?
Source: WSJ - 🏆 98. / 63 Read more »