Washington under pressure from US businesses to adjust approach towards China

HONG KONG — Washington is under pressure from American businesses to adapt its approach to China as the United States seeks to renew profitable deals with China, the English-language South China Morning Post published from Hong Kong reported. Is.

Some US companies are lobbying Washington to ease tensions, and European companies are doing the same with their respective governments, according to the report. The report cited sources who declined to be identified due to the sensitive nature of the issue.

The report said some European officials have expressed their dissatisfaction with what the United States is doing because it appears to be dragging their countries and companies into “unnecessary conflict”.

“The US recognizes it cannot insist on a complete economic ‘isolation’ with China,” said global trade analyst Nick Marrow. He said there is “a lot of connection” between the world’s two largest economies.

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