U.S. President Donald Trump waves as he and China's President Xi Jinping walk along the front patio of the Mar-a-Lago estate after a bilateral meeting in Palm Beach, Florida, U.S., April 7, 2017. REUTERS/Carlos Barria
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The United States should "use every arrow" in its quiver to ensure a level commercial playing field in China, a U.S. business lobby said Tuesday, warning that 2017 could be the toughest year in decades for American firms in the country. China's policies designed to support domestic companies and create national champions have narrowed the space for foreign companies, the American Chamber of Commerce in China said in its annual business climate report.The White House has said U.S and Chinese officials are fleshing out a pledge by leaders Donald Trump and Xi Jinping for a 100-day plan to cut the U.S. trade deficit with China, which reached $347 billion last year.U.S. business leaders also worry that Trump's focus on reining in North Korea could undercut U.S. commercial interests in China.
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