Economics
China Decoupling Would Cost U.S. Billions, Chamber Says
- U.S. firms halving FDI in China could cut GDP by $500 billion
- Lobby urges Biden to take balanced, rational approach to China
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American companies would lose hundreds of billions of dollars if they slashed investment in China or the nations increased tariffs, the U.S. Chamber of Commerce said in a report highlighting the cost of a full decoupling of the world’s largest economies.