Reference Message Network reported on May 10th according to a report by Bloomberg News Service website on May 8th. An investigation found that so far, most European companies in China have been able to control the direct damage caused by the trade war. However, most companies acknowledged that their business environment has become more challenging this year.

The above survey was released by the EU Chamber of Commerce on May 8th and is one of the first surveys to assess the confidence of foreign companies trying to cope with tariff turmoil.

More than two-thirds of members said that US tariff increases did not affect imports from China. The EU Chamber of Commerce conducted this survey from April 17th to 27th and received responses from over 150 members.

The EU Chamber of Commerce stated that many member respondents successfully "mitigated the direct impact of tariffs," partly due to their adoption of a "Made in China, For China" strategy.

Jian Ci, chairman of this European business organization, stated: "The uncertainty brought to members by this trade war is indescribable. But we believe that China can turn danger into opportunity and demonstrate the stability and predictability it should have as an investment destination."

Reportedly, at the time this report was published, there were signs that Beijing was willing to improve relations with the EU, positioning itself as a more reliable partner when Trump distanced himself from the EU.

In early this year, China unveiled an action plan to stabilize foreign investment. This plan calls for several measures, such as fully canceling restrictions on foreign access to manufacturing sectors, and ensuring equal treatment for products produced by local and international companies.

On March 26th, Roland Busch, Chairman of the Board of Siemens AG, the external chairman of the forum, discussed with guests at the China Development High-level Forum 2025 Annual Meeting. (Xinhua News Agency)

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