Washington Update

December 21st, 2018
By Angela Deng

Additional steps taken to implement G20 outcomes amid heightened tension on cybertheft

The United States and China took some additional steps this week to reduce bilateral trade tensions, though the United States announced actions on cyber crime that dampened the mood in the relationship.  

At China’s Central Economic Work Conference this week, leaders promised to implement some structural economic changes to implement the agreement reached by...

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...

December 7th, 2018
By Angela Deng

Details about the agreement and future trade talks still unclear after Trump-Xi meeting

Limited details have emerged about the agreement that Presidents Trump and Xi reached at their working dinner after the G20 summit this past weekend, creating ambiguity about what the goals and agenda of the trade talks for the next 90 days will be.

Trump confirmed this week that the US Trade Representative Robert Lighthizer will be leading the trade negotiations and will also be working...

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 “...

October 29th, 2018
By Angela Deng

USCBC: China should move first to resolve the US-China trade tensions

The trade tensions between the United States and China are likely to escalate again unless China articulates the list of structural reforms that it is willing to undertake to address the US concerns, US-China Business Council President Craig Allen told reporters yesterday. 

USCBC sources indicate that the probability is currently 75 percent that the United States will increase the 10 percent tariff rate to...

October 5th, 2018
By Angela Deng

Vice President Pence warns of China’s aggression against the United States

In a speech at The Hudson Institute on Thursday, Vice President Mike Pence asserted that China is applying a “whole-of-government approach,” consisting of propaganda and economic, military, and political “tools,” to expand its “influence” and “interests” in the United States. In the face of China’s aggression, Pence vowed that the United States “will not stand down.”

On China’s “economic tools,” Pence...

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 21st, 2018
By Angela Deng

The United States and China to impose additional tariffs next week

Trade tensions between the United States and China rose this week when both countries announced their decisions to start imposing additional tariffs on each other’s goods on September 24. The United States will implement a additional tariff rate of 10 percent on $200 billion of Chinese imports, which will be raised to 25 percent at the beginning of next year. In retaliation, China will impose additional tariffs of 5 or...

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...

September 7th, 2018
By Angela Deng

US-China trade tensions could escalate

The United States is expected to impose tariffs on an additional $200 billion of Chinese exports in the coming days, soon after the public comment period ended at midnight Thursday. Recent talks between the United States and China on August 22 and 23 ended with no signs of progress on substantive issues that may have averted the new tariffs.

Earlier today, President Trump reinforced that a 10 or 25 percent additional tariff rate will be...

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