USCBC Appoints Zhang Lipei as President, USCBC China
The US-China Business Council (USCBC) today announced the appointment of Zhang Lipei as President, USCBC China, effective August 1. She will continue to serve as a Vice President of USCBC.
The US-China Business Council (USCBC) today announced the appointment of Zhang Lipei as President, USCBC China, effective August 1. She will continue to serve as a Vice President of USCBC.
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.
The US-China Business Council and its members are pleased that the US negotiators traveled to China to continue negotiations. We are pleased the two sides agreed to move forward with agriculture purchases to provide some much needed relief to American farmers.
The US-China Business Council and its members are pleased that the United States and China have agreed to get back to the negotiating table on trade issues and to postpone further escalation of their tariff battles.
The US-China Business Council (USCBC) announced the election of officers and board members, including Evan Greenberg, Chairman and Chief Executive Officer of Chubb, to a second term as USCBC board chair.
The US-China Business Council is disappointed that both the US and Chinese governments have chosen to escalate their battle rather than set a date for a new negotiating round to work through their differences.