The US-China Business Council (USCBC) today released the results of its annual Member Survey, with fragile US-China relations, China’s economy, and entrenched tariffs topping the list of challenges for US companies operating in the country.
The US-China Business Council commends the Trump administration for the implementation of the US-China Phase One trade agreement, which has already led to improvements—particularly in agriculture, intellectual property protection and financial services—for our member companies.
US goods exports to China, important to states’ economies and jobs, fell in 2019 for the second consecutive year. The main reasons for the 11.4 percent drop were tariffs and an uncertain business environment, according to a new report by the US-China Business Council (USCBC), a trade association representing more than 200 US companies that do business with China.
US companies are generally pleased with the Phase One trade agreement, according to a member survey by the US-China Business Council (USCBC), a Washington-based trade association of companies that do business in China.
The US-China Business Council applauds the phase one agreement reached by US and Chinese trade negotiators. This agreement is a concrete step towards restoring stability and trust in the overall US-China relationship.
The US-China Business Council is pleased that US and Chinese negotiators have agreed on a phase one trade agreement and a suspension of the planned December 15 US tariff increase. We hope that with progress made on this initial set of issues, sufficient confidence will be restored to enable important structural issues to be addressed and resolved.
We were saddened to learn of the death of Donald M. Anderson, who served as USCBC’s president during the period 1991-1994. A resident of Washington, DC, he died on October 6, 2019. He was 87 years old.
The US-China Business Council (USCBC) and the China Council for the Promotion of International Trade (CCPIT), along with the China Chamber of International Commerce (CCOIC) today co-hosted a CEO Dialogue between senior Chinese and American leaders in Beijing on October 17th.
USCBC is pleased the United States and China have reached a tentative phase one trade agreement today, which was accompanied by a suspension of the prospective US tariff increase set for October 15.
The US-China Business Council (USCBC) applauds President Trump’s announcement to delay the scheduled October 1 tariff increase on $250 billion worth of imports from China. We hope this announcement, combined with other confidence-building measures from both governments, will create the conditions necessary for productive trade negotiations and end the cycle of tit-for-tat retaliatory actions.
US goods exports to China slumped last year, with the nation taking a particularly hard punch to its breadbasket. Districts dependent on agricultural exports saw sales to China shrivel as a result of the ongoing and deepening trade conflict between the world’s two largest economies.
