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 is pleased that President Trump has chosen to use existing tools for investment reviews and technology export controls to manage the concerns about technology transfer to China.
None of the actions taken to date by either the United States or Chinese governments will address the problems that American and other foreign companies face in China. Rather than simply engage in one-upmanship, the business community wants to see the two governments actively seek to resolve legitimate concerns around market access and technology protection in China.
We urge both governments to sit down and negotiate a solution to these important issues. American companies want solutions, not sanctions. Tariffs will not solve these problems, but will harm American economic interests and jobs.
The US-China Business Council (USCBC) announced today the reelection of Chubb Chairman and Chief Executive Officer Evan Greenberg as USCBC chair, as well as the election of other officers and board directors.
The US-China Business Council (USCBC), the leading organization of US companies engaged in business with the People’s Republic of China, today named Craig Allen, currently serving as US Ambassador in Brunei Darussalam, as USCBC’s new President, effective July 26, 2018.
We would like to see both sides put the threat of sanctions on hold and quickly get into negotiations to resolve these important issues. Tariffs and restrictions on commerce will have a real and negative impact on the economy and jobs.
Following two years of decline, in 2017 the US exported more goods to China than ever before – nearly $128 billion – making it the third largest market for goods exports, after Canada and Mexico.
As we have noted throughout the investigation process, the Trump administration has correctly identified Chinese technology transfer practices and protection of intellectual property (IP) as two areas that need to be addressed and improved.
USCBC agrees with the Trump administration that China’s technology transfer practices and protection of intellectual property need to be addressed and improved. American business wants to see solutions to these problems, not just sanctions such as unilateral tariffs that may do more harm than good.
US-China Business Council president John Frisbie released the following statement on the new government leadership appointed at the close of China’s National People’s Congress (NPC): “The incoming government leadership on the whole is more reform-minded than the outgoing leadership,” said Frisbie.
