US companies defy Trump’s demands to leave China: “Businesses ignore ‘decoupling’ threat as economy rebounds, says American Chamber of Commerce US companies are ignoring Donald Trump’s threats to ‘decouple’ from China and repatriate manufacturing, according to a survey of more than 200 companies with operations in the country. The American Chamber of Commerce in Shanghai found that fewer than 4 per cent of respondents were relocating some production capacity back to the US. The majority — more than 70 per cent — had no plans to relocate any manufacturing out of China despite higher tariffs from Mr Trump’s long-running trade war with the world’s second-largest economy. ‘Covid-19 hit the Chinese economy hard in early 2020, but the recovery was quick,’ Ker Gibbs, chamber president, said on Tuesday. ‘American companies still see China’s consumer market as a great opportunity.'” via Financial Times