Chamber says door open for investors

US businesses in China think trade between Washington and Beijing "creates benefits for all" and that the US government and people remain open to Chinese investment, said Kenneth Jarrett, president of the American Chamber of Commerce in Shanghai.

He added that a trade war would harm both countries given the interdependence of the US and Chinese economies.

"No one wants to see a trade war. ... It would be damaging for US workers, US consumers, US companies and US investors, and would also be damaging to China," he said.