Few US firms see Trump's Phase 1 trade deal worth tariffs cost

Few United States companies doing business in China view President Donald Trump's Phase 1 trade deal as being worth the cost of tariffs incurred during a two-year trade war, a new survey by the US-China Business Council (USCBC) showed on Tuesday. The trade group said just 7 percent of respondents to its annual membership survey said the benefits from the Phase 1 agreement outweigh the costs of tariffs incurred along the way. Some 36 percent of respondents said the costs outweighed the benefits and 56 percent said it was too soon to tell.