Washington Update

December 17th, 2018

Initial actions announced on US-China trade issues, though much work remains

The United States and China this week took initial steps to reduce tensions in bilateral trade.

On Monday evening, Treasury Secretary Steven Mnuchin, US Trade Representative Robert Lighthizer, and Vice Premier Liu He spoke by phone. A brief statement released by the Ministry of Commerce said that “both sides exchanged their views on the timetable and roadmap for pushing...

November 16th, 2018
Angela Deng, Manager, Government Affairs

China sends a proposal on trade issues to the United States

China tabled a proposal to the United States on Monday that specifies a list of concessions that China is willing to make to address US concerns on bilateral trade issues. USCBC sources reveal that China sent the proposal to the US Department of the Treasury.

Reportedly, China’s proposal categorizes the US list of 142 demands into three parts: items that China is working on, issues that China is willing to continue...

November 5th, 2018
By Angela Deng

Internal work begins on US trade priorities for Trump-Xi meeting at G20

According to news reports, President Donald Trump’s phone call with President Xi Jinping on Thursday has prompted the administration to initiate an internal process of identifying potential terms of an agreement to address US trade concerns when the presidents meet after the G20 summit on December 1. The meeting was rescheduled from November 29 to upgrade it from discussions on the sidelines of the G20 to a “...

September 28th, 2018

US-China trade tensions escalate as tariffs and trade rhetoric intensify

Section 301 tariffs

The United States and China officially imposed additional tariffs on each other’s products on Monday. The United Statesimplemented an additional tariff rate of 10 percent on $200 billion of Chinese imports, which will be raised to 25 percent by the beginning of next year. China retaliated with tariff rates of 5 and 10 percent on $60 billion of US imports.

Together with the...

September 15th, 2018
By Angela Deng

Secretary of Treasury Steven Mnuchin invites Vice Premier Liu He to talk

Earlier this week, Secretary of the Treasury Steven Mnuchin sent an invitation to China’s Vice Premier Liu He to hold higher-level talks on US-China trade. While both sides have confirmed the invitation, it is unclear whether a meeting will take place and the level of participants. It is also uncertain what will be on the agenda for discussion. The invitation comes as the United States is still considering...

August 24th, 2018
By Angela Deng

US-China talks give little indication of a resolution of the trade conflict

The US and China ended two days of meetings this week with no immediate signs of progress in resolving their trade disputes, but USCBC sources indicate it was a constructive exchange of views and may lay the groundwork for future progress on some areas of disagreement. At this stage, however, it is highly probable that the United...

August 13th, 2018
By Angela Deng

US and China finalize tariffs on $16 billion of goods; more tariffs on the horizon while talks are pushed back by the administration

On Wednesday, the United States and China finalized their lists of $16 billion worth of goods on which they will impose 25 percent tariffs against each other starting August 23. Once the tariffs on the $16 billion of goods go into effect, the US and China will have imposed tariffs on a total of $50 billion of goods from each side. The United States...

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 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...

May 18th, 2018
By Meg Kelly

US-China trade talks continue

As Washington Update goes to press, Chinese negotiators, led by Vice Premier Liu He, continue to meet with their US counterparts in Washington about potential progress on commercial issues in the relationship. USCBC will report on outcomes as information becomes available.

Updates on investment restrictions: CFIUS, export controls, Section 301

Executive and legislative action is expected next week that will affect foreign investment in...

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