“It feels like the business community doesn’t have any true blue friends on the Hill at this point when it comes to China,” said one industry lobbyist who asked not to be named due to ongoing work with Congress. is weighing whether to slap tariffs on steel imports and risk setting off a trade war, a dicey option to deal with a problem caused largely by China’s massive overproduction of steel.īut none of those bills have been finalized, and big business groups are worried that they won’t be able to rely on their traditional allies once the fall legislative session begins. and Chinese economic officials prepare to meet Wednesday, July 19, in Washington, the U.S. After a cordial meeting between Trump and Xi in April 2017, tensions are simmering again between the world’s two biggest economies. President Donald Trump, left, and Chinese President Xi Jinping arrive for a meeting on the sidelines of the G-20 Summit in Hamburg, Germany. companies, from Amazon to JPMorgan Chase and Nike, have so far gotten lawmakers to kill legislation that would mandate government reviews for American investments in China, weaken anti-Beijing rhetoric in an evolving House legislative package, and insert corporate-friendly provisions to an anti-forced labor bill that would reshape how the federal government implements trade restrictions.įILE - In this Saturday, July 8, 2017, file photo, U.S. Groups representing hundreds of the biggest U.S. The lobbying is aimed at derailing some of the most aggressive trade restrictions advocated by the Biden administration and congressional leaders just as the White House tries to pivot its security focus to Beijing after the withdrawal of American troops from Afghanistan. trade representative and WTO official who is now president of the National Foreign Trade Council.
They're integrated into the economy in other ways,” said Rufus Yerxa, a former senior U.S. They're not just using it as an export platform.
“There's a huge consumer market in China.
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