USCBC in the News

06/19/2019

US-China Business Council senior vice-president Erin Ennis said that tariffs were not the right tool to get China back to the negotiating table. Instead, she said, they were causing China to strengthen its commitment to some of its own policies, such as industrial planning and subsidies. "Frankly, it has also caused the US to implement an industrial policy of our own, trying to get American manufacturers to move out of one location to another one."

06/19/2019

“For about the last 15 years, China has been the fastest-growing export market for American companies,” said Erin Ennis, senior vice president of the US–China Business Council, which represents some 200 US companies doing business in China. “Agriculture, electronics, industrial processes — these kinds of products where it represents the largest percentage of US exports — are, as a consequence, at most risk of China’s tariffs,” Ennis said, adding that Illinois, which exports agricultural products and...

06/19/2019

Ms Ennis pointed out that, even before the Trump administration took over, US – China Trade Policy was due for a “reset”. In 2017 the US gave China a “comply or die” proposal containing very specific demands, demands far beyond what China would possibly agree to. Last August China expressed their willingness to discuss the proposal. There were 142 different items, of which 30-40% China would probably agree to, another 30-40% were at least negotiable and 20% were unacceptable to China.

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