Thousands of companies at Shanghai trade fair as relationships enter new era of uncertainty
Just as president-elect Donald Trump was being voted in on a platform of higher tariffs for China, US businessmen were striking deals thousands of miles away at Shanghai’s biggest trade fair. Dynamite, a family-run pet food business with 12 stores in Idaho, signed $1mn in orders from Chinese company Pawberry — part of a stream of agricultural deals between the two countries this week that have so far amounted to $711mn.
“US-China tensions affecting the psyche of investment, there’s just no question about that,” said Allan Gabor, chair of the American Chamber of Commerce in Shanghai. “Some companies have taken some strategic decisions . . . but this is not generally the case,” he added, on the question of whether companies were leaving. Longer-term planning in China now faces the prospect of further surprises.
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