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.
US companies operating in China are increasingly profitable, but the ongoing trade dispute is putting at risk years of steady progress.
President Trump today tweeted a response to China’s announcement that it would retaliate against the latest set of tariffs announced by the White House, scheduled for September 1 and December 15.
The US-China Business Council (USCBC) is disappointed that the Trump administration has decided to move forward with placing a 10 percent tariff on the remaining $300 billion of Chinese imports to the United States starting on September 1.
The US-China Business Council and its members are pleased that the US negotiators traveled to China to continue negotiations. We are pleased the two sides agreed to move forward with agriculture purchases to provide some much needed relief to American farmers.
The US-China Business Council and its members are pleased that the United States and China have agreed to get back to the negotiating table on trade issues and to postpone further escalation of their tariff battles.
The US-China Business Council (USCBC) announced the election of officers and board members, including Evan Greenberg, Chairman and Chief Executive Officer of Chubb, to a second term as USCBC board chair.
The US-China Business Council is disappointed that both the US and Chinese governments have chosen to escalate their battle rather than set a date for a new negotiating round to work through their differences.
While there are likely many outstanding issues that need to be worked out, it appears that the largest points of contention between the two governments center on the issues that are at the core of what American companies want in an agreement: substantive, legally-binding changes to Chinese policies that create an unlevel playing field for foreign companies and a plan for the removal of tariffs.
US goods exports to China slumped last year as teeth grown in trade disputes between the two countries began to bite, according to an annual study of US exports by state released by the US-China Business Council (USCBC) today.
Chinese and US company executives are cautiously optimistic on future prospects for their businesses, but have mixed views on whether commercial relations will return to where they were prior to current tensions.
