The US Chamber of Commerce, the world's largest trade federation that represents more than 3 million businesses, voiced its strong opposition to Trump's sweeping tariffs on China in a statement issued March 15.
The UK, which voted to leave the European Union last year, was the second-most popular destination, as it has been for three years.
The US firm is now seeking merger and acquisition opportunities in the country and expanding its product portfolio, with an aim to double sales revenue in the next few years, according to Zheng.
The United States responded to the development with cautious optimism, with US President Donald Trump saying on Tuesday that related statements are “very positive”, but “we’ll see how it all comes about”.
The US Chamber of Commerce estimates that 455,000 American jobs are put at risk by tariffs, and consumer prices are expected to rise in the US as a result of the tariffs on Chinese imports.
The United States is expected to overtake the European Union as China's largest trade partner this year, a former vice-minister of commerce said.
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The US education system has been changed for the foreseeable future following the novel coronavirus outbreak, with teachers, schools and students forced to adapt to a new normal overnight, said experts.
The US thinks there is a long way to go before reaching a trade agreement with China, but in China there is a saying that a journey of a thousand miles begins with a single step, said Geng, adding that the US needs to be determined to achieve a win-win agreement.
The US job market had been strong prior to the economic shutdown, and unemployment was at 3.5 percent, near a record low. In the six months prior to the shutdown, non-farm employers hired an average of 221,000 workers a month, the Labor Department said.
The US military confirmed on Thursday that an RQ-4 Global Hawk Unmanned Aircraft System (UAS) was shot down by an Iranian surface-to-air missile system at approximately 2335 GMT on Wednesday. Iran, however, claimed the drone downed in the southern part of the country had crossed Iranian borders.