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.
We’re pleased to hear confirmation that the governments are working on a memorandum of understanding (MOU). We’ve called for progress on the substantive issues at the heart of the trade dispute; mutually-agreed upon outcomes in an MOU would be a way to do that.
We understand that this week’s discussions covered familiar ground on structural issues and look forward to hearing details about any progress that was made. The long-standing concerns that foreign companies have about protection of intellectual property rights, technology transfer, and market access in China are ones that we believe are prime for resolution.
The US-China Business Council is pleased with substantive discussions held between the two countries, but emphasizes progress should include a mechanism for the removal of tariffs and measurable, commercially meaningful outcomes.
The US-China Business Council (USCBC) concluded today its annual board delegation to China, where delegates met with Chinese government officials, company CEOs, and top academics to discuss the bilateral trade relationship between the two countries.
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. CCOIC Vice Chairman Tu Guangshao and USCBC Board Chair Evan Greenberg co-chaired the dialogue.
It is time to bring this dispute to an end. Both the US and Chinese governments should suspend the tariffs they have put in place and do the hard work of negotiating a solution to the legitimate issues raised in the United States’ investigation of China’s intellectual property and technology transfer policies.
American companies face significant challenges in their business operations with China, due to trade tensions, but the market remains one of the most important to their bottom lines. These are among the findings of The US-China Business Council’s (USCBC) 2018 Member Survey, released today.
“The Administration is correct to focus on market access, intellectual property rights, and tech requirements that have been articulated in the 301. The use of tariffs at this juncture is counterproductive. It will lead to further distortions in trade and harm to the American economy,” says Craig Allen.
The United States and China need to stop the needless escalation of a tariff war and start working on solutions that will address the real concerns that American companies have about China’s intellectual property protection and technology transfer policies.
The US-China Business Council is disappointed that the United States and China have chosen to move forward with tariffs instead of sitting down together to work out solutions that will address the real concerns that American companies have about China’s intellectual property protection and technology transfer policies.
