USCBC responds to Trump Administration’s reciprocal tariff on China

The US-China Business Council (USCBC), a private, nonpartisan, nonprofit organization of leading American companies that do business in China, today expressed concern about the “Regulating Imports with a Reciprocal Tariff” executive order imposing an additional 34% tariff on all imports from China.

“These across-the-board tariffs on China and any Chinese retaliation will significantly harm US businesses, consumers, and farmers as well as US competitiveness globally. The tariffs on China imposed by the last two US administrations have not changed unfair Chinese economic practices, so it is unclear how additional tariffs will accomplish that goal. History has proven that tariffs raise costs and undermine America’s competitiveness in markets around the world,” said Sean Stein, USCBC president.

“We urge the two governments to begin negotiations to tackle structural barriers to trade and help grow the American economy and support US competitiveness,” he added.