"This is going to make the negotiations more complicated," said Craig Allen, president of the US-China Business Council. "If this were only economic negotiations, it would be relatively easy to reach an agreement. But inevitably, it's going to spill over into other areas, and I think the more national security is tied up in this, the more difficult it will be to reach an agreement."
USCBC in the News
Jake Parker, vice president of China operations at the US-China Business Council, which represents multinationals such as PepsiCo, Apple, and General Motors, said he hopes for real change. “Reforms to Made in China 2025 that address subsidies, preferential government procurement, increase transparency and offer national treatment to foreign firms will be welcome by the business community,” he said in an email. “But these changes need to be measurable and implemented in a brief defined timeline.”
Erin Ennis, SVP of the US-China Business Council moderated the session. When asked about the potential fallout from last week’s detainment of Huawei’s CFO, she stated that clearly, she could only speculate, but she has already seen evidence that some US technology execs are giving a second thought to traveling to China in concern of China retaliation.