The American/China Chamber of Commerce found that 82 percent of American-owned manufacturers in China are suffering significant pain from Trump Trade War tariffs. ‘AmCham’ surveyed business conditions for its 900 member American-owned companies operating across China during the week of May 16-20, following President Trump’s announcement that he was raising tariffs on $200 billion U.S. imports from  China from 10 percent to 25 percent. The survey found that due to the U.S. action and the retaliatory Chinese response, American-owned companies in China reported that 52.1 percent were experiencing lower demand; 42.4 percent were experiencing higher manufacturing costs and 38.2 percent were seeing higher sales prices for products. President Bill Clinton called it a “good day for America” on May 24, 2000 when he successfully convinced the U.S. House of Representatives to award China permanent normal trade relations under the rules of the...(Read Full Post)