Page 22 - THE SOUTH CHINA BUSINESS JOURNAL
P. 22
c. tODAY
Five Trends for
Business:
Global Challenges,
Global Solutions
Article by Myron Brilliant, Executive Vice TR ADE
President and Head of International Affairs,
U.S. Chamber of Commerce Free and fair
As world leaders gathered in trade benefits
New York for the United
Nations General Assembly last American
month, the business community
was on the ground in force. The businesses Trend: World trade has
U.S. Chamber of Commerce and workers contracted in the year to date, with
was organizing events with
more than two dozen heads of weakness in both emerging markets
state and government to share
our perspective on many of the and developed economies. An
pressing issues facing the world,
from trade tensions to data rules uptick in new trade barriers — particularly
and health challenges.
sweeping tariffs and retaliatory tariffs
The message we carried to each
of these executive roundtables is between the U.S. and China — has put a
specific to the country in question,
but there are key global trends damper on economic growth, particularly in
that cut across all geographies
and will play a powerful role in manufacturing and agriculture.
the conversation. The following
is a brief overview of five key Facts to Remember: For the United States,
trends and how the U.S. business tariffs applied to U.S.-China trade will soon
community is responding. cost the average American household $1,000
per year, and the related business uncertainty
is knocking a full percentage point off U.S.
economic growth.
Recommendations: The U.S. needs to
return to the negotiating table with China
and strike a deal to address long-running
trade concerns — and remove tariffs. The
U.S. Congress must approve the United
States-Mexico-Canada Agreement (USMCA),
which will preserve and strengthen U.S.
trade with our two most important trading
partners. And we need to get back on
offense to clinch new market-opening trade
agreements around the world.
19 AmCham South China
Five Trends for
Business:
Global Challenges,
Global Solutions
Article by Myron Brilliant, Executive Vice TR ADE
President and Head of International Affairs,
U.S. Chamber of Commerce Free and fair
As world leaders gathered in trade benefits
New York for the United
Nations General Assembly last American
month, the business community
was on the ground in force. The businesses Trend: World trade has
U.S. Chamber of Commerce and workers contracted in the year to date, with
was organizing events with
more than two dozen heads of weakness in both emerging markets
state and government to share
our perspective on many of the and developed economies. An
pressing issues facing the world,
from trade tensions to data rules uptick in new trade barriers — particularly
and health challenges.
sweeping tariffs and retaliatory tariffs
The message we carried to each
of these executive roundtables is between the U.S. and China — has put a
specific to the country in question,
but there are key global trends damper on economic growth, particularly in
that cut across all geographies
and will play a powerful role in manufacturing and agriculture.
the conversation. The following
is a brief overview of five key Facts to Remember: For the United States,
trends and how the U.S. business tariffs applied to U.S.-China trade will soon
community is responding. cost the average American household $1,000
per year, and the related business uncertainty
is knocking a full percentage point off U.S.
economic growth.
Recommendations: The U.S. needs to
return to the negotiating table with China
and strike a deal to address long-running
trade concerns — and remove tariffs. The
U.S. Congress must approve the United
States-Mexico-Canada Agreement (USMCA),
which will preserve and strengthen U.S.
trade with our two most important trading
partners. And we need to get back on
offense to clinch new market-opening trade
agreements around the world.
19 AmCham South China
