WASHINGTON, D.C. — Myron Brilliant, Executive Vice President and Head of International Affairs, U.S. Chamber of Commerce issued the following statement today in response to the escalating trade tensions between the U.S. and China:
"The U.S. business community has for many years called out the lack of progress in addressing China’s unfair trade practices. The U.S. Chamber has been on the front lines of efforts to resolve these challenges through negotiation and encouraging tough action by the United States government. Despite our concerns, the 40-year old trade relationship between our two countries has been for the most part productive, constructive, and mutually beneficial. U.S. companies have been ambassadors for positive changes to the Chinese economy that continue to benefit both our people.
"While we share the President’s frustration, we believe that continued, constructive engagement is the right way forward. Time is of the essence. We do not want to see a further deterioration of US-China relations. We urge the administration and the government of China to return to the negotiating table to complete an agreement that addresses concerns over technology transfer practices, intellectual property enforcement, market access, and the globally damaging impact of Chinese domestic subsidies."
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