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USCBC Statement on Select Committee Report Recommendations Released December 12
WASHINGTON—December 12, 2023—The US-China Business Council (USCBC), a private, nonpartisan, nonprofit organization representing more than 270 American companies that do business in China, today issued the following statement in response to a report released by the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party:
“We appreciate that the Select Committee made changes to the draft recommendations in its report with regard to PNTR. At the same time, the language related to the creation of a new tariff column raises many questions. We have continued concerns that tariff increases have negative US economic and jobs implications, as detailed in the Oxford Economics study released last month. We look forward to closely reviewing the entire report and continuing to serve as a constructive resource to Congress and the Biden administration in the ongoing conversations about protecting US national security interests while expanding US commerce with China, the vast majority of which doesn’t involve national security.”
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