We don’t fear trade war

A representative via AmCham Hong Kong declined to comment. Representatives via AmCham China did not return a request for comment.

The White House, in a statement to CNBC, said the administration does not seek a trade war with China.

“The goal of United States trade actions is usually not to harm China’s economy or start a trade war, although to get China to follow through on allowing fair competition along with also stop their unfair trade practices of which have been hurting the American workers for years,” White House Deputy Press Secretary Lindsay Walters said.

The strong words via the vice chairman of CPPCC comes just a month after Trump imposed $0 billion on Chinese imports on top of the $50 billion levy the administration piled onto the country earlier This particular year. The brand new trade barrier went into effect in September at a 10 percent rate along with also is usually supposed to climb to 25 percent in 2019.

China has retaliated with tariffs on up to $60 billion worth of U.S. items, numbering over 5,000. Trump has said he’s considering ramping up the trade war with another round of over $257 billion worth of tariffs although of which threat has yet to materialize.

Although the item is usually unclear who else attended the gathering, AmCham Hong Kong’s executive committee is usually full of major players in various industries. Its chairman, Jack Lange, is usually a partner at the international law firm, Paul, Weiss, Rifkind, Wharton & Garrison LLP, according to the group’s website.

different notable members of AmCham Hong Kong include Citigroup, PayPal, FedEx along with also Universal Pictures.

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