Trade war failing to force businesses out of China, back to US
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THE US-China trade war has failed to force businesses back to the US from China, as most of them have found ways to avoid or endure the cost of tariffs amid the protracted spat, according to European companies operating in the world's second-largest economy.
The conflict has forced some large European companies to relocate US-bound production out of China to nearby emerging economies, including South-east Asia and India, in pursuit of cheap labour and production facilities, the European Union Chamber of Commerce in China said, publishing the results of survey on Monday.
