Washington Update

November 17th, 2017
Meg Kelly

Trump returns from Asia trip...now what?

Following his return from a five-country Asia trip, President Trump said Wednesday that his administration had convinced countries in the region that it is necessary to have “free and fair” trade. Trump again faulted past administrations for the US’ current trade deficit. Despite suggestions earlier in the week that Trump would have a “major announcement” on trade, no new actions were announced.

Regarding his time in China, Trump said...

November 3rd, 2017
Meg Kelly

Trump Asia trip updates

Schedule extended

President Trump leaves today for a stopover in Hawaii before his 13-day, 5-country tour of Asia--the longest trip any sitting US President has made to the region in a quarter century. In addition to his state visit to China, Trump will make stops in Japan, South Korea, Vietnam, and the Philippines.The President will attend the APEC summit in Vietnam. Just this morning the White House said Trump would extend his trip to attend the East...

October 27th, 2017
By Meg Kelly

Trump Asia trip updates

Schedule extended

President Trump leaves today for a stopover in Hawaii before his 13-day, 5-country tour of Asia--the longest trip any sitting US President has made to the region in a quarter century. In addition to his state visit to China, Trump will make stops in Japan, South Korea, Vietnam, and the Philippines.The President will attend the APEC summit in Vietnam. Just this morning the White House said Trump would extend his trip to attend the East...

October 20th, 2017
Meg Kelly

USCBC is closely following China’s 19th Communist Party Congress this week. China’s new political leadership is expected to be unveiled on October 25 after the close of the Congress. USCBC’s analysis of the opening of the Party Congress can be found here; readers can also see our preview of this year’s leadership transition in USCBC’s recent report. Members are invited to a briefing with USCBC President John Frisbie and Ambassador Stapleton Roy on the outcomes of the Party Congress on...

October 13th, 2017
By Meg Kelly
Intellectual property (IP) theft and forced technology transfer are serious issues that need to be addressed in China, said Senior Vice President Erin Ennis in testimony about the Section 301 investigation to a US government committee on Tuesday on behalf of of the US-China Business Council (USCBC). The most effective way to address the issues is with solutions that will curb the problems faced by American companies in China, rather than punitive tariffs, Ennis said.

Ennis stressed that...

October 6th, 2017
By Meg Kelly

Hearing on China’s WTO compliance; USCBC to testify at 301 hearing next week

At the US government’s annual hearing on China’s compliance with World Trade Organization (WTO) commitments, Acting Assistant US Trade Representative for China Terrence McCartin signaled the Trump administration’s focus on the limitations of that trade pact in addressing China’s trade practices.

McCartin said that a key challenge facing the US was to hold China accountable not only for its WTO...

October 6th, 2017
By Meg Kelly

Hearing on China’s WTO compliance; USCBC to testify at 301 hearing next week

At the US government’s annual hearing on China’s compliance with World Trade Organization (WTO) commitments, Acting Assistant US Trade Representative for China Terrence McCartin signaled the Trump administration’s focus on the limitations of that trade pact in addressing China’s trade practices.

McCartin said that a key challenge facing the US was to hold China accountable not only for its WTO...

September 29th, 2017
By Meg Kelly

President Trump to visit China

The White House released a statement Friday morning saying the President and First Lady will visit Japan, South Korea, China, Vietnam, the Philippines, and Hawaii from November 3-14. This trip will include the President’s attendance at the Asia-Pacific Economic Cooperation (APEC) leaders meeting, which will take place in Da Nang on November 10 and 11; and the East Asia Summit, which will take place in the Philippines on November 13 and 14. Trump will be...

September 22nd, 2017
By Meg Kelly

Treasury announces new North Korea sanctions on banks

Treasury Secretary Steven Mnuchin announced Thursday that President Trump had signed a new executive order to sanction foreign banks who do business with the North Korean regime. Mnuchin specifically said that China is not an intentional target of these sanctions, though UN Ambassador Nikki Haley later added that if China continues to do business with North Korea, then it will be impacted. The announcement came several days after...

September 15th, 2017
By Meg Kelly

Trump rejects Chinese investment case; Congressional hearing on CFIUS

President Trump this week blocked Chinese-backed private equity firm Canyon Bridge Capital Partners from buying US semiconductor company Lattice. In a public statement about the decision, Treasury Secretary Steven Mnuchin said the decision was based on national security concerns, following the recommendation of the Committee for Foreign Investment in the United States (CFIUS), an interagency group that is chaired...

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