Current Dynamics in U.S.-China Economic Relations

AmCham President, Eric Zheng, will examine the evolving dynamics of U.S.–China economic relations through insights from AmCham Shanghai’s 2025 China Business Report and his upcoming advocacy dialogues in Washington, D.C. While most U.S. companies in China remain profitable, optimism has fallen to record lows and China’s ranking as a global investment destination has slipped. Rising geopolitical tensions, tariffs, and domestic competition are driving firms to diversify supply chains, reduce exposure, or localize operations. Held on the coattails of AmCham Shanghai’s annual Washington Doorknock, this talk will reflect the latest conversations with U.S. policymakers, where competition increasingly frames the bilateral agenda and export controls and tariffs are central tools. At the same time, Eric will emphasize that China remains vital for global competitiveness, innovation, and consumer demand, and will highlight how American companies are adapting strategies to de-risk while staying engaged in this complex environment.

This event is organized by the Council on East Asian Studies and The Yale Review of International Studies. The conversation will be moderated by Feng Zhang, Associate Research Scholar in East Asian Studies and Lecturer in Political Science.