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Trade war

US businesses say they face retaliation in China amid trade war

Citing weak demand and higher costs, companies look at Southeast Asia and Mexico

Two new surveys by U.S. and European business groups in China paint a dim picture of operating in the country.

SHANGHAI/HONG KONG -- China-based Western companies say their businesses in the country have been negatively affected in recent months, just days after Washington and Beijing announced additional punitive tariff hikes, according to two new surveys.

In particular, U.S. manufacturers complained of poorer demand and higher operating costs as a result of the new tariffs, according to a report released on Wednesday by the American Chamber of Commerce in China.

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