BEIJING (Reuters) – China’s state media have praised some U.S. companies for “sturdy collaboration” – commentary that comes amid fears of a commerce conflict and is paying homage to how tensions with the U.S. had been coated by Chinese language newspapers throughout Donald Trump’s first presidency.
Trump, who takes workplace on Jan. 20, mentioned on Monday he would impose a ten% tariff on Chinese language items in order that Beijing does extra to stem the stream of Chinese language-made chemical compounds powering an opioid epidemic in the US.
He has additionally threatened tariffs in extra of 60% on Chinese language items whereas on the marketing campaign path.
Throughout Trump’s first time period, company executives and international traders scoured Chinese language state media for alerts as to which U.S. companies may be in favour and which may be penalised as commerce tensions ratcheted up.
The state-owned World Occasions late on Wednesday praised Apple (NASDAQ:), Tesla (NASDAQ:), Starbucks (NASDAQ:) and HP (NYSE:) for sturdy collaboration with Chinese language companions.
“U.S. politicians want to concentrate to and respect the evident willingness of American companies for financial and commerce cooperation by tailoring appropriate coverage environments for enterprises,” it mentioned.
The China Each day additionally famous that Morgan Stanley (NYSE:) acquired regulatory approval in March to increase its China operations, citing this as proof of international monetary companies’ enthusiasm for investing in China.
Throughout Trump’s first time period, Chinese language authorities didn’t typically make direct official feedback on the commerce conflict.
Authorities in mainland China this week have but to make direct touch upon the ten% tariff promised by Trump, though a Chinese language embassy official in Washington has mentioned nobody will win a commerce conflict.
Solely 47% of U.S. companies had been optimistic about their five-year China enterprise outlook, a September survey by the American Chamber of Commerce in Shanghai confirmed.
