A factory in China producing masks of Trump in 2016. Photo: Li Jianqiang/VCG via Getty Images

U.S.-Chinese tariff increases are hurting American business in China, 74.9% of almost 250 respondents told a survey, published Wednesday by American Chamber of Commerce (AmCham) in China and Shanghai.

Why it matters: It's another sign that the trade war is starting to bite. Bank of America-Merrill Lynch has said the standoff risks "a global recession." Now, American businesses are concerned about the effects of President Trump's action against Chinese tech giant Huawei, AmCham China chairman Tim Stratford told BBC.

The big picture: The survey, held May 16-20, found the biggest impact was a drop in product demand, with 35% of respondents saying they're restructuring their Chinese operations and about a third delaying or canceling investment decisions in China because of the trade war.

Go deeper: Tariffs on China could hit U.S. hard, too

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Facebook boycott organizers share details on their Zuckerberg meeting

Facebook is in the midst of the largest ad boycott in its history, with nearly 1,000 brands having stopped paid advertising in July because they feel Facebook hasn't done enough to remove hate speech from its namesake app and Instagram.

Axios Re:Cap spoke with the boycott's four main organizers, who met on Tuesday with CEO Mark Zuckerberg and other top Facebook executives, to learn why they organized the boycott, what they took from the meeting, and what comes next.

Boycott organizers slam Facebook following tense virtual meeting

Illustration: Sarah Grillo/Axios

Civil rights leaders blasted Facebook's top executives shortly after speaking with them on Tuesday, saying that the tech giant's leaders "failed to meet the moment" and were "more interested in having a dialogue than producing outcomes."

Why it matters: The likely fallout from the meeting is that the growing boycott of Facebook's advertising platform, which has reached nearly 1000 companies in less than a month, will extend longer than previously anticipated, deepening Facebook's public relations nightmare.

Steve Scalise PAC invites donors to fundraiser at Disney World

Photo: Kevin Lamarque-Pool/Getty Images

House Minority Whip Steve Scalise’s PAC is inviting lobbyists to attend a four-day “Summer Meeting” at Disney World's Polynesian Village in Florida, all but daring donors to swallow their concern about coronavirus and contribute $10,000 to his leadership PAC.

Why it matters: Scalise appears to be the first House lawmakers to host an in-person destination fundraiser since the severity of pandemic became clear. The invite for the “Summer Meeting” for the Scalise Leadership Fund, obtained by Axios, makes no mention of COVID-19.