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 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.
While there are likely many outstanding issues that need to be worked out, it appears that the largest points of contention between the two governments center on the issues that are at the core of what American companies want in an agreement: substantive, legally-binding changes to Chinese policies that create an unlevel playing field for foreign companies and a plan for the removal of tariffs.
US goods exports to China slumped last year as teeth grown in trade disputes between the two countries began to bite, according to an annual study of US exports by state released by the US-China Business Council (USCBC) today.
Chinese and US company executives are cautiously optimistic on future prospects for their businesses, but have mixed views on whether commercial relations will return to where they were prior to current tensions.
We’re pleased to hear confirmation that the governments are working on a memorandum of understanding (MOU). We’ve called for progress on the substantive issues at the heart of the trade dispute; mutually-agreed upon outcomes in an MOU would be a way to do that.
We understand that this week’s discussions covered familiar ground on structural issues and look forward to hearing details about any progress that was made. The long-standing concerns that foreign companies have about protection of intellectual property rights, technology transfer, and market access in China are ones that we believe are prime for resolution.
The US-China Business Council is pleased with substantive discussions held between the two countries, but emphasizes progress should include a mechanism for the removal of tariffs and measurable, commercially meaningful outcomes.
