Trump tariffs push 47% of US firms to exit China: AmCham
Nearly half of US firms surveyed by AmCham Shanghai have shifted planned China investments, the highest since records began. Businesses are moving to Southeast Asia, India, and Mexico as Trump's tariffs bite. Apple now makes most US-bound iPhones in India. Despite tensions, US ETFs $SPY and $QQQ gained this year, while $MCHI rose 35.7%.