Few U.S. companies doing business in China view President Donald Trump’s Phase 1 trade deal as being worth the cost of tariffs incurred over a two-year trade war, a new survey by the U.S.-China Business Council showed on Tuesday. The trade group said that just 7% of respondents to its annual membership survey said that the benefits from the Phase 1 agreement outweigh the costs of tariffs incurred along the way. Some 36% of respondents said the costs outweighed the benefits and 56% said it was too soon to tell. But the USCBC said 88% of respondents held a “positive” or somewhat positive overall view of the trade deal. Half of those responding positively said this was because the deal “makes the bilateral relationship more stable and decreases chances for further tariff escalation.” The Phase 1 trade deal, activated on Feb. 15, calls for China to […]