Washington Update

June 29th, 2018
By Meg Kelly

White House chooses CFIUS over executive action on investment restrictions

As reported previously to USCBC members, President Trump announced Wednesday that he had decided against using much-anticipated new measures to restrict Chinese access to US technology and instead to use existing tools. Trump said that changes to US foreign investment rules expected to soon pass Congress in the form of the Foreign Investment Risk Review Modernization Act (FIRRMA), will “modernize our tools for...

June 22nd, 2018
By Meg Kelly

US and China threaten further tariffs; no talks scheduled yet

Following President Donald Trump’s directive this week that the Office of the US Trade Representative identify another $200 billion to $400 billion worth of Chinese goods for tariffs, China’s Ministry of Commerce announced Tuesday that it would respond “quantitatively and qualitatively” to any additional tariffs levied on Chinese exports to the US. USCBC issued a statement on Tuesday urging both governments to begin...

June 8th, 2018
By Meg Kelly

Secretary of State to briefly visit China after North Korea summit

The State Department announced Thursday that Secretary of State Mike Pompeo will make a brief stopover in Beijing on his return from the planned Trump-Kim summit in Singapore on June 12. The visit will take place on June 14, when Pompeo is expected to discuss issues of interest to both countries, likely focusing on the North Korea meeting and other strategic issues. USCBC sources have indicated he is only expected to...

June 1st, 2018
Meg Kelly
 

Ross eyes energy and agriculture deals on China trip

Commerce Secretary Wilbur Ross is scheduled to be in Beijing June 2-4 to continue discussions between the US and China over trade issues, following recent meetings in DC and earlier in Beijing. News reports indicate his agenda will focus on finalizing deals in the energy and agricultural sector, which were noted as outcomes of Chinese Vice Premier Liu He’s visit earlier this month.

Ross...