Washington Update

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...

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...

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...