Roughly one third of surveyed American companies in China will cancel or delay investments in the country due to the ongoing trade standoff with the U.S., according to a May report from the American Chambers of Commerce in China and Shanghai.
Even more of those companies, roughly 40 percent, said they are considering moving their manufacturing facilities out of China to locations like southeast Asia or Mexico, reported Financial Times.
AmCham China and AmCham Shanghai surveyed 239 American companies from Thursday to Monday, according to CNBC. The survey found that American companies are seeing more obstacles during this tit-for-tat trade war.
