While US companies operating in China are worried about the possibility of trade fights between China and the United States, they hope that when the leaders of the two countries will hold a summit this week, Trump will make some concessions to Xi Jinping for market access.
Trump announced last week that the meeting on Thursday and Friday he and Xi Jinping will be "extremely difficult", "US companies must be prepared to do other alternative options."
Trump said he hoped that US companies would stop investing in China and return home to create jobs. He also accused China of manipulating the yuan's currency in order to boost exports.
US companies are criticizing the Chinese government for unfair subsidies to Chinese-funded enterprises, from steel to solar energy industry, are dumping low-priced products in the US market; but at the same time, China has set limits on foreign investment.
But US companies are also worried that, since Trump's trade team is not fully in place, his Chinese policy has not yet fully demonstrated, and the summit or because of North Korea and other issues related to the "big compromise."
Several key advisors could not meet with Trump, including the nominee of the US Trade Representative, who was pending approval by Congress. Terry Branstad, the governor of Iowa, who was appointed by the United States ambassador to China, was also approved by Congress, and several positions in the US Department of State's policy on the development of Asia were still vacant.
"In view of this, it is difficult to imagine the summit to achieve a lot of concrete results, the relevant strategy of the major cross-sectoral talks are probably more difficult," Mintz Group in Beijing, Asia, managing partner Randal Phillips said. Phillips was also the chief representative of the CIA in China.
** Mo stay in the mouth, to be put into action **
Over the past 20 years, the influx of large-scale foreign direct investment in China has the contribution of some large US companies, creating a lot of jobs for China. These companies include Apple and other technology companies, such as General Motors and Ford, Caterpillar and other heavy machinery enterprises, Starbucks and other retailers and Procter & Gamble and other companies.
According to a source, US steel companies want Trump to pressure China on steel prices in China. The source has been discussed with the government before the summit.