Dear USCBC friends and partners,
As you may have read in the news, USCBC initiated and led the drafting of a multi-association letter that USCBC delivered to Treasury Secretary Janet Yellen and US Trade Representative Katherine Tai on Thursday, August 5.
In the letter, we encouraged Ambassador Tai and the Biden Administration to continue to hold China to its Phase One commitments. We also urged the trade officials to pursue greater engagement with China on longstanding structural and other issues in the economic relationship that Phase One did not address. Finally, we expressed our hope that Ambassador Tai will strongly consider restarting the 301 exclusion process as soon as possible.
The next morning, Politico reported that a USTR spokesperson responded to the letter, repeating that a strategic review of the economic relationship with China is still ongoing, with no comment on USTR’s planning around tariffs, the Phase One trade agreement, or future engagement with China. While the response leaves more to be desired, we are encouraged by the quick, public acknowledgement that our letter has been received, and we hope this will open the door for more conversations with the administration.
This industry letter is a part of USCBC’s advocacy to support a strong, mutually beneficial commercial relationship with China. We are pleased to have garnered signatures and additional input on the letter from more than 30 other trade groups, including the U.S. Chamber of Commerce. We applaud USCBC Vice President of Government Affairs Anna Ashton for her dogged leadership on this.
As USCBC works toward a more constructive US-China trade relationship that benefits US companies and the US economy overall, we hope to be a resource and a partner to you as you help companies consider China market opportunities. Please be aware that we are fully engaged in advocating on your behalf and intend to keep the pressure on. If there is anything we can do to provide industry perspectives or support with that process, we are at your service.
Meanwhile, USCBC is actively seeking more voices from state and local stakeholders on the value of trade and economic engagement with China. If you are interested in collaborating with us on 50 States, 50 Stories, please feel free to reach out to us.
US-China Business Council