Craig Allen, president of the US-China Business Council, recently told reporters that American businesses do not support the use of tariffs as a trade negotiation tactic, and “we believe that tariffs are not a useful way to resolve the problems that we have.” Allen, whose organization represents more than 200 US companies that do business with China, said he hoped the United States and China would soon reach a “meaningful” phase-one agreement that will “address some of the structural issues” and “remove...
USCBC in the News
The US-China Business Council issued a report in July that revealed the severe losses of Illinois due to the ongoing trade war of Trump with China. Illinois lost $1.86 billion in exports from 2017 to 2018 due to the trade war, according to the report. Guebert said that the farmers felt betrayed by the Trump administration’s wavering support for ethanol. He added that members of Congress needed to prove their support towards the farmers by voting yes on trade agreements.
China’s attempts to game the system are undeniable. It does not follow, however, that the US should become a willing accomplice in the destruction of a set of rules largely designed and made in Washington. As Mr Zoellick remarked in a speech this month to the US-China Business Council, it scarcely serves the west’s interests if the policy of confrontation prods China “into championing a parallel, separate system, with very different rules.”