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Trade war: American autos look to be hit the most by both US and China tariffs

Evelyn Cheng

Some American companies, especially those in the automotive business, are getting hurt by new tariffs from both the U.S. and China, according to a survey released this week from the American Chamber of Commerce in Shanghai and Beijing-based American Chamber of Commerce in China. The automotive industry is the only one to appear in the ranks of the three or four most-impacted business sectors by tariffs from both sides. U.S. automakers in China are feeling the most pain as some American companies are getting hurt by new tariffs from both the White House and Beijing, according to a survey released this week from the American Chamber of Commerce in Shanghai and Beijing-based American Chamber of Commerce in China.