As the Biden administration takes the reins of US trade policy, the question of what to do with existing tariffs on Chinese goods in the long term remains up in the air. According to a new report from Oxford Economics and the US-China Business Council, the answer is clear—even a moderate reduction in tariffs would lead to an additional $160 billion in real GDP and 145,000 additional US jobs by 2025. Failing to put an end to the festering trade war—or worse, pursuing significant decoupling with China—...
Press Releases
The American business community supports the administration’s efforts to protect American citizens’ privacy and data. The US-China Business Council (USCBC) understands that President Trump’s January 5 executive order regarding transactions with mobile applications aims to achieve this goal. However, it is vital that this executive order be scoped and enforced in such a way that protects US citizens’ legitimate interests, but does not unnecessarily harm US company competitiveness in international markets...
On December 6, USCBC member company leaders held a virtual meeting with Chinese State Councilor and Foreign Minister Wang Yi to discuss China’s perspectives on the bilateral relationship. Wang laid out recommendations for improving US-China relations moving forward and discussed the Phase One trade agreement, China’s new development paradigm of Dual Circulation, and facilitating essential business travel between the two countries.