AsianFin -- A recent survey shows that U.S. companies have cut their investment in China to historic lows as tariffs and trade tensions continue to strain the relationship between the world’s two largest economies.

According to the 2025 Member Survey released by the U.S.-China Business Council (USCBC), only 48% of U.S. companies plan to invest in China this year, down sharply from 80% in 2024. The survey also found that optimism about China’s economic growth prospects has declined, and confidence in an improvement in U.S.-China relations remains low.

USCBC, a nonpartisan, nonprofit organization representing more than 270 major U.S. companies operating in China, conducted the survey between March and May 2025, during a period when U.S. President Donald Trump reignited the trade dispute as part of broader efforts to reform U.S. trade policy.