According to the State Council Information Office's white paper on China's stance on Sino-US trade consultation on June 2, US companies' total sales in China in 2017 was about $700 billion, with their profits exceeding $50 billion. And the US-China Business Council's 2019 State Export Report said that from 2009 to 2018, US exports to China helped create more than 1.1 million jobs.
USCBC in the News
Recently surveys conducted by the AmCham China and the US-China Business Council both found that nearly three-quarters of responding firms operating in China were negatively impacted by the current trade and diplomatic tensions. Almost 40 percent of respondents are considering or have relocated manufacturing outside of China, based on AmCham China results. Moreover, the vast majority of companies remain concerned by Chinese policies that favor and protect domestic firms.
"It is the first recognition by the Trump Administration that the president's tariffs are hurting consumers," Doug Barry, spokesman for the US-China Business Council, which encompasses companies, told Efe on Wednesday. For the business association, this delay "seems to be motivated by the desire to avoid affecting consumers during the Christmas shopping season," a theory that Trump himself has defended in statements to journalists.