"Hong Kong has long been an important city for US businesses operating in the Asia-Pacific region. Hong Kong's commitment to free trade and strong legal protections have helped it become an attractive investment destination and international business hub."
“It would be extremely destabilizing if the president pulled out of the agreement without giving the Chinese a chance to meet their commitments,” said Craig Allen, president of USCBC. “So far, China seems to be operating in good faith and has sought no modifications to its purchase commitments despite its ability to request them.”
US goods exports to China, important to states’ economies and jobs, fell in 2019 for the second consecutive year. The main reasons for the 11.4 percent drop were tariffs and an uncertain business environment, according to a new report by the US-China Business Council (USCBC), a trade association representing more than 200 US companies that do business with China. China is still the third largest market after Canada and Mexico for US goods exports, valued at nearly $105 billion.