Workers transport imported soybean products at a port in Nantong, Jiangsu province, China March 22, 2018. REUTERS/Stringer
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American companies in China are uneasy about Washington's threat of export and investment controls in a trade dispute with Beijing but see them as a possible way to achieve fairer operating conditions, the country's biggest U.S. business group said Wednesday.The ministry gave no indication whether Beijing would go ahead with threats to retaliate by raising duties on a $50 billion list of U.S. goods.Trump has focused on pressing Beijing to narrow its multibillion-dollar trade surplus with the United States, but Zarit said American companies see other issues such as easing restrictions on their operations in the Chinese market as higher priorities.The United States, Europe and other trading partners are pressing for reciprocal access as Chinese companies expand abroad while Beijing blocks or limits access to industries including banking, insurance, telecoms and health care.Trump said last month the ban threatened too many Chinese jobs and he wanted to get the company back in business.
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