USCBC Beijing 2025 China Operations Conference & Reception
In response to the news that the Trump administration will announce two executive orders today, including a plan for a comprehensive study on trade, US-China Business Council Senior Vice President Erin Ennis made the following statement:
“We welcome the administration’s executive order on studying the trade deficit. This is an issue that many Americans are concerned about. Examining why the United States has a trade deficit and its overall impact on the US economy and employment in a fact-based manner would be a useful exercise.
“We encourage the administration to ensure the study is balanced and takes into account the complexity of the United States’ economy. The trade deficit alone is not a metric of the health of the US economy.”
USCBC has issued an infographic that breaks down our trade relationship with China and puts it in context with our global trade balance. Oxford Economics has also issued a longer report that looks at a better metric for measuring the impact of trade on the US economy than the bilateral trade balance. On a value-added basis – which better measures true trade flows – the US trade deficit with China is cut in half and is about the same as the US trade balance with Europe.
“We look forward to learning the outcomes of the Commerce Department’s work.”
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