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 (USCBC) concluded today its annual board delegation to China, where delegates met with Chinese government officials, company CEOs, and top academics to discuss the bilateral trade relationship between the two countries.
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. CCOIC Vice Chairman Tu Guangshao and USCBC Board Chair Evan Greenberg co-chaired the dialogue.
It is time to bring this dispute to an end. Both the US and Chinese governments should suspend the tariffs they have put in place and do the hard work of negotiating a solution to the legitimate issues raised in the United States’ investigation of China’s intellectual property and technology transfer policies.
American companies face significant challenges in their business operations with China, due to trade tensions, but the market remains one of the most important to their bottom lines. These are among the findings of The US-China Business Council’s (USCBC) 2018 Member Survey, released today.
“The Administration is correct to focus on market access, intellectual property rights, and tech requirements that have been articulated in the 301. The use of tariffs at this juncture is counterproductive. It will lead to further distortions in trade and harm to the American economy,” says Craig Allen.
The United States and China need to stop the needless escalation of a tariff war and start working on solutions that will address the real concerns that American companies have about China’s intellectual property protection and technology transfer policies.
The US-China Business Council is disappointed that the United States and China have chosen to move forward with tariffs instead of sitting down together to work out solutions that will address the real concerns that American companies have about China’s intellectual property protection and technology transfer policies.
The US-China Business Council is pleased that President Trump has chosen to use existing tools for investment reviews and technology export controls to manage the concerns about technology transfer to China.
None of the actions taken to date by either the United States or Chinese governments will address the problems that American and other foreign companies face in China. Rather than simply engage in one-upmanship, the business community wants to see the two governments actively seek to resolve legitimate concerns around market access and technology protection in China.
We urge both governments to sit down and negotiate a solution to these important issues. American companies want solutions, not sanctions. Tariffs will not solve these problems, but will harm American economic interests and jobs.
