China-bashing tariffs an exercise in futility

Part of the new additional tariffs recently announced by the United States government on $300 billion worth of Chinese goods took effect on Sunday, with China responding with additional tariffs of its own on some of the US goods on a $75-billion target list.

Despite the expected escalation of the trade friction between the world's two largest economies, 87 percent of US companies operating in China said they will not move out of the country, according to a survey by the US-China Business Council released on Thursday.

That such a high proportion of US companies refuse to fall in line behind the US administration shows that the latter's China-bashing initiatives go against the will and interests of US companies.