Most European companies operating in China are already experiencing some positive impact from the country’s trade war with the US or expect to do so, as higher Chinese tariffs price American imports out of the market, according to a survey.

The findings of the survey from the European Union Chamber of Commerce in China indicate that its members, while also suffering from the overall economic impact of US President Donald Trump’s trade war, could take market share from American suppliers, including manufacturers. 

The survey, which was conducted last month, found 19 per cent of responding companies were already getting more business from Chinese and foreign customers operating in China because of the trade war. It found 36 per cent had not yet experienced a positive impact, but expected to.