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WASHINGTON, Sept. 13-- Some 65 percent of U.S. chief financial officers (CFOs) believe that U.S. trade policy will be negative for their businesses over the next six months, a new survey released on Friday showed. Thirty-five percent of CFOs cited U.S. trade policy as the "biggest external risk factor," more than double the second biggest risk highlighted -- consumer demand, according to the latest quarterly CNBC Global CFO Council survey. "While at a macro level it's easy to understand the motivation behind the recent policy changes, I can't find a single CFO who has told me it would be a positive for his or her business," said Jack McCullough, president and founder of the CFO Leadership Council, an executive networking group. "I cannot recall when CFOs were as jittery about a change in policy as they are today." The survey was conducted between Aug. 21 and Sept. 3 among 62 global members of the CNBC Global CFO Council, which represents some of the largest public and private companies in the world. According to a recently released annual survey conducted by the U.S.-China Business Council (USCBC), U.S.-China trade friction is "negatively impacting" U.S. companies operating in China, with 81 percent of the some 100 executives reporting such impact, up by 8 percent from last year. Nearly half of the respondents report lost sales and ceding market share to foreign competitors, and a "staggering" 37 percent of respondents indicate lost sales in China due to Chinese partners' concerns about doing business with U.S. companies, which are increasingly viewed as unreliable business partners as a result of the trade tensions, the survey showed. | 
