increase investment: It's just one beautiful daydream of US President Donald Trump that US companies will give up China, Liang Ming, a research fellow of the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce MOFCOM told the Global Times on Sunday, according to Global Times China. Trump ordered US companies to immediately start looking for an alternative to China, including bringing your US companies home and making your products in the US, according to a series of tweets he posted on Friday. Photo VCG It's ironic that large US companies are either stressing their determination to take root in the opportunity-rich Chinese market, increase investment, or pluck up the courage to enter China for the first time, at a time when the US president is ordering them to give up a market that is cherished by international companies for its huge growth potential. Trump announced on Twitter on Saturday that he will raise tariffs on 250 billion in Chinese goods to 30 percent from 25 percent starting on October 1. Say 'no' with action Contrary to what Trump has hoped and ordered, US companies are actually speeding up their business layout in the Chinese market. He also said to raise tariffs on another 300 billion in products effective from September 1 from 10 percent to 15 percent.
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