US and Chinese trade negotiators remain engaged in intensive talks, although it is yet to be seen whether and when they can strike a final deal. But even if they are able to reach an agreement, in the confrontation between Washington and Beijing “the trade part is incidental: it’s a technology war, not a trade war,” said Ambassador Craig Allen, president of the US-China Business Council (USCBC), speaking at Shorenstien APARC on March 11.
USCBC in the News
“It’s one of those confidence building measures,” Erin Ennis, senior vice president of the US-China Business Council, said of the move by Chinese legislators. It suggests “the two sides are talking the same language.” Still, it’s not clear how close the two sides are to an agreement. Earlier this week, US Trade Representative Robert Lighthizer told a Senate committee that “there still are major, major issues that have to be resolved.” And Ennis said China needs to publish regulations that would...
Jake Parker, vice president for China operations at the US-China Business Council, talks about with Beijing’s last-minute effort to improve its new law governing inbound foreign investment, and the trade spat between the two economies. He speaks on "Bloomberg Daybreak: Australia."