The U.S. Chamber of Commerce and the China Center for International Economic Exchanges (CCIEE) opened the 11th meeting of the U.S.-China CEO and Former Senior Officials’ Dialogue, co-chaired by U.S. Chamber President and CEO Thomas J. Donohue and CCIEE Chairman and Former Vice Premier Zeng Peiyan. They were joined by top business leaders, former cabinet officials, and think tank experts for one day of discussions in Washington, D.C.

The meeting comes days after the Buenos Aires meeting between President Donald Trump and President Xi Jinping where the two presidents agreed to set aside the imposition of tariffs and to hold negotiations on economic areas of concern to U.S. businesses.

“Deferring the significant tariff hike that was set to take effect on January 1 will prevent further harm on our economies and our workers,” said Donohue. “And it will give our leaders the opportunity to reengage on the key challenges in our relationship. It is imperative that we now come together, seize this moment, and capitalize on the positive exchange between our presidents. Our challenge is to make sure that this is not just a fleeting moment, but instead an inflection point – and one that puts us on the path to enduring progress.”

The CEO Dialogue is the leading platform for leaders from the business community in both countries – supported by both governments – to discuss economic and commercial policy issues in U.S.-China relations, including trade, two-way investment, infrastructure development, innovation policy, and cybersecurity.

“Along with de-escalation, we must meaningfully address the long-simmering tensions that led to the trade war in the first place,” Donohue continued. “Subsidies, market access restrictions, forced technology transfer and IP rights violations, and restrictions on digital trade are straining the global trading system and imposing significant costs on the United States and other economies. The United States wants to see permanent solutions that address these problems.”

Source: USCC

Image: Glassdoor