John Clark
Manager, Business Advisory Services
Washington, DC
Manager, Business Advisory Services
Washington, DC
John Clark is a Business Advisory Services Manager at USCBC in Washington DC. His portfolio includes transportation and trade data. John is proficient in Chinese, having lived in Shanghai for three years and majored in Chinese at Florida State University.
Prior to joining USCBC, John earned a J.D. from the University of Hawaii and an LL.M. in Chinese Law from Shanghai Jiao Tong University. His professional experience includes interning at Dentons in Shanghai and working on Congressional, Gubernatorial, and State House campaigns in Florida.
John is an aviation enthusiast. In his spare time, he enjoys traveling around the world with his family and friends.
On June 12, the European Commission announced provisional countervailing duties of up to 38.1 percent on Chinese-made electric vehicles (EVs) beginning July 4. The commission’s announcement followed a May 14 announcement from the Office of the United States Trade Representative that it would be increasing Section 301 tariffs on Chinese-made EVs from 25 percent to 100 percent beginning August 1.
The last few months have seen multiple developments affecting US companies that operate in the transportation industry. For starters, President Joe Biden directed USTR to increase Section 301 tariffs on Chinese EVs and EV batteries, the US Department of Commerce launched an inquiry into China’s involvement with the connected vehicle supply chain, MOFCOM and PBOC released policies to boost automobile consumption, and the United States and China increased the number of passenger flights permitted to operate between the two countries.
US-China bilateral trade in goods decreased by 2.9 percent year-on-year in Q1, despite US-worldwide trade increasing by 0.5 percent, the first such increase in US-worldwide trade since Q1 of last year. Bilateral trade has underperformed US-worldwide trade for the last three years due to shifts in trading patterns driven by economic and geopolitical factors.
China’s leadership is ramping up engagement with foreign business executives as the country works to increase foreign direct investment, which reached a 30-year low in 2023 amid poor sentiment from the business community driven by concerns over weak demand, overcapacity, geopolitical uncertainty, and long-standing regulatory issues.
US-China trade in goods decreased 16.7 percent in 2023 to $575 billion after reaching a record high in 2022, according to data released by the US Department of Commerce on February 7. The decrease in bilateral trade reflects a drop in US goods exports to China and a plunge in US goods imports from China that far exceeded decreases in US-worldwide exports and imports.