USCBC Sr. VP Jake Parker took a few minutes to explain some of the details of the Phase One trade deal on the Trade Talks Podcast. (remarks at 34:40)
USCBC in the News
US-China Business Council President Craig Allen: “This is an encouraging first step that should benefit many of our members…We urge both governments to use the phase one agreement as a foundation for building a stronger, fairer bilateral relationship that ensures a level playing field for Americans in China’s rapidly growing market.”
Business groups have stopped short of calling those targets unachievable. But they have made clear they may never be met.“ This is ambitious and it will create some stresses within the supply system,” said Craig Allen, the president of the US-China Business Council.Among the questions remaining, Allen said, was whether China would lift its retaliatory duties on American products because US tariffs will remain on some $360 billion in imports from China as Trump seeks to maintain leverage for a second...