On May 15, the U.S. Chamber of Commerce and the China Center for International Economic Exchanges (CCIEE) opened the tenth 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 are joined by top business leaders, former cabinet officials, and think tank experts for two days of discussions in Beijing.

“Amidst all of the business between the United States and China, there are bound to be issues of contention and even periods of conflict,” said Donohue. “This year’s meeting comes during one of those periods of challenge; the commercial issues before us are important and should be taken seriously. They can be worked out – not overnight, but certainly over time. We have shared responsibilities to foster global peace, prosperity, and stability.”

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

“The U.S. business community believes that leveling punitive actions against one another will lead us down a dangerous path,” Donohue added. “There are no winners in a trade war, only losers, with more than enough pain to go around. We’re seeking swifter and more serious progress from China on market reforms and in establishing a transparent, level playing field based on the rule of law. It’s our goal to devise solutions that help regain the positive momentum in the U.S.-China economic relationship."

The U.S.-China CEO Dialogue comes as senior government officials from the U.S. and China meet to discuss the economic relationship between the two nations and on the heels of the U.S. Chamber’s 9th China Business Conference. Donohue’s recent remarks from this year’s China Business Conference are available here.

Source: U.S. Chamber of Commerce, International Affairs Division

View also recent Eurostat data on EU-Chinese trade:

China: world`s largest exporter https://t.co/XGYpK7D2Sn pic.twitter.com/pd4PzZM9ln

— EU_Eurostat (@EU_Eurostat) May 22, 2018

On May 18, the EU has notified to the WTO a list of US products on which the EU may in the future apply extra import duties. This would be to compensate in an equivalent manner for the impact of the US tariff measures on steel and aluminium, which the EU considers to be safeguard measures in effect, should they enter into force. >> More details.

"The costs of inaction are great but the opportunity arising from shared prosperity is immense." via @USChamber https://t.co/mwO10kzzIs

— AmCham CZ (@AmChamCZ) April 24, 2018