The US-China Business Council (USCBC) supports dialogue on AI between the United States and China, building on the consensus of strategic stability reached by the two presidents in May. As two leading nations in the development and deployment of AI, the United States and China share an interest in managing the risks associated with AI systems, including loss of control, misuse by malicious actors, and disruption to economic and social systems.
The US-China Business Council applauds the phase one agreement reached by US and Chinese trade negotiators. This agreement is a concrete step towards restoring stability and trust in the overall US-China relationship.
The US-China Business Council is pleased that US and Chinese negotiators have agreed on a phase one trade agreement and a suspension of the planned December 15 US tariff increase. We hope that with progress made on this initial set of issues, sufficient confidence will be restored to enable important structural issues to be addressed and resolved.
We were saddened to learn of the death of Donald M. Anderson, who served as USCBC’s president during the period 1991-1994. A resident of Washington, DC, he died on October 6, 2019. He was 87 years old.
The US-China Business Council (USCBC) and the China Council for the Promotion of International Trade (CCPIT), along with the China Chamber of International Commerce (CCOIC) today co-hosted a CEO Dialogue between senior Chinese and American leaders in Beijing on October 17th.
USCBC is pleased the United States and China have reached a tentative phase one trade agreement today, which was accompanied by a suspension of the prospective US tariff increase set for October 15.
The US-China Business Council (USCBC) applauds President Trump’s announcement to delay the scheduled October 1 tariff increase on $250 billion worth of imports from China. We hope this announcement, combined with other confidence-building measures from both governments, will create the conditions necessary for productive trade negotiations and end the cycle of tit-for-tat retaliatory actions.
US goods exports to China slumped last year, with the nation taking a particularly hard punch to its breadbasket. Districts dependent on agricultural exports saw sales to China shrivel as a result of the ongoing and deepening trade conflict between the world’s two largest economies.
US companies operating in China are increasingly profitable, but the ongoing trade dispute is putting at risk years of steady progress.
President Trump today tweeted a response to China’s announcement that it would retaliate against the latest set of tariffs announced by the White House, scheduled for September 1 and December 15.
The US-China Business Council (USCBC) is disappointed that the Trump administration has decided to move forward with placing a 10 percent tariff on the remaining $300 billion of Chinese imports to the United States starting on September 1.
