Luminaries Talk Trade, Global Business At Long Beach Convention

[USCBC President Craig] Allen discussed the economic impacts of the trade dispute between China and the US. “At the end of the day, the trade dispute should be relatively easily resolvable because it’s not well founded by economic principles,” he said. “However, the technology dispute is more difficult to resolve. The issues are complex and are going to be with us for some time. The export control and the related restrictions on Chinese investment into the United States are ratcheting up, and they have affected many high technology companies, and indeed, I would argue, almost all high technology companies.” Tied up in the debate over trade with China is the issue of alleged intellectual property theft by Chinese entities related to American technology, but Allen emphasized that the topic of the trade imbalance should be addressed separately.