American companies would lose hundreds of billions of US dollars if they slashed investment in China or the nations increased tariffs, the US Chamber of Commerce said in a report highlighting the cost of a full decoupling of the world’s largest economies.
American gross domestic product (GDP) would see a one-time loss of as much as US$500 billion should US companies reduce foreign direct investment in China by half, the Washington-based business lobbying group said in a report on Wednesday.Read more at Bloomberg.
