McKinsey & Co. partners have been questioning the consulting giant’s presence in China, worried that doing business there may not be worth the risks given the Asian superpower’s increasingly volatile relationship with the US.

Trump aggressively targeted China during his first term and increased tariffs another 10 per cent this week, prompting retaliatory measures from Beijing. Trump’s Secretary of State, Marco Rubio, has made clear his distaste for the ruling Communist Party, calling for the US to get tougher on China economically and militarily.