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 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...

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...

May 7th, 2018
Meg Kelly

US, China end trade talks; next steps uncertain

US-China trade discussions this week have wrapped up, with no formal announcements yet but leaked negotiating documents from both sides. The US delegation, led by Treasury Secretary Steven Mnuchin, came with a long list of asks covering the trade deficit, investment restrictions, intellectual property theft, and subsidies among other issues. The White House issued a statement this afternoon saying that the US delegation would brief...

April 13th, 2018
Meg Kelly

$100 billion tariff list may be released soon

Reports emerged Thursday that in an effort to put further pressure on China to amend its problematic trade policies, the White House may release the list of an additional $100 billion in Chinese imports to be covered by tariffs. The tariffs -- $150 billion in total -- are one of the outcomes of the Section 301 investigation led by the Office of the US Trade Representative; they are not expected to be implemented until June at the earliest...

March 5th, 2018
Meg Kelly

Liu He visits Washington amid talk of steel and aluminum tariffs

Chinese President Xi Jinping’s top economic advisor, Liu He, travelled to Washington this week to discuss trade tensions with the US government. Liu, a key proponent of China’s economic reforms over the past decade, was named to the Communist Party Politburo last fall and is expected to become a vice premier next month with responsibility for the financial sector.

Liu had a joint meeting on Thursday with...

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