US firms pay price for Trump’s China tariffs, export controls, study finds

The Trump administration’s export controls, sanctions and tariffs are hurting American firms in China without achieving their policy goals of blocking critical technology or reviving US manufacturing, according to a new business survey. “US export controls are not calibrated to empower American companies … Instead, they are forcing buyers to go elsewhere,” the US-China Business Council said on Wednesday, releasing the results of its annual member survey. “Export controls are less effective when…