(BEIJING) — The American Chamber of Commerce in China says Beijing will “dig its heels in” after U.S. tariff hikes and appealed for a negotiated end to their trade battle.
The chamber on Tuesday warned a “downward spiral” appears certain after President Donald Trump approved a tariff hike on $200 billion of Chinese imports in a dispute over Beijing’s technology policy. China has said it will retaliate.
The chamber chairman, William Zarit, said in a statement, “Contrary to views in Washington, China can — and will — dig its heels in and we are not optimistic about the prospect for a resolution in the short term.”
The chamber appealed to both governments for results-oriented negotiations.
