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...
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 “...
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...
Treasury strongly criticizes China but withholds from calling it a currency manipulator
In its semiannual report on other countries’ foreign exchange practices, the US Department of the Treasury maintained China on its currency monitoring list, but again refrained from labeling China a currency manipulator.
The findings of Treasury’s new report on China are the same as those of Treasury’s previous report in April. Like its previous report, Treasury placed China on its...
Treasury expands review of foreign investment in US “critical technology” through pilot program
On Wednesday, the Department of the Treasury announced the launch of a pilot program to implement a key provision of the Foreign Investment Risk Review Modernization Act (FIRRMA) focusing on acquisitions of critical technologies.
The pilot program will “assess and address” the risks to US national security stemming from foreign investors’ efforts to obtain US critical technologies...
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...
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...
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...
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...
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...
© 1996-2019 by the US-China Business Council. All rights reserved. Privacy Policy.
Back to top
