U.S.-China Business Council's Parker Discusses Trade Dispute

The transcript discusses the lack of ongoing trade negotiations between the US and China, highlighting the surprise of companies at the potential imposition of $200 billion in tariffs on Chinese goods. It explores the influence of US businesses on trade policy and the administration's independent approach. The discussion also covers the impact of tariffs on resolving structural issues and the challenges faced by US companies in China, including regulatory pressures and potential diversification of supply chains away from US products.

What is the current status of negotiations between the US and China regarding trade frictions?

• Negotiations are scheduled to start next month.

• Negotiations have concluded successfully.

• There are no ongoing negotiations.

• Ongoing negotiations are taking place.

Who currently has access to the US administration regarding trade policies?

• Only Gary Cohn

• Industry representatives through Ambassador Light Heiser and Secretary Mnuchin

• Only foreign diplomats

• No one has access

What are US companies concerned about regarding tariffs?

• The tariffs will increase their profits.

• Tariffs will resolve all trade issues immediately.

• How tariffs will address structural issues like IP protection and technology transfer.

• Tariffs will have no impact on trade relations.

What unconventional methods might China use to retaliate against US tariffs?

• Increasing tariffs on US goods

• Using regulatory pressures on US companies

• Reducing tariffs on US goods

• Engaging in diplomatic talks

What is a major concern for US companies operating in China?

• High employee turnover

• Excessive profits

• Lack of demand for their products

• Regulatory pressures and increased scrutiny