On Wednesday, June 1, AmCham China hosted an exclusive virtual event for Policy+ subscribers with William Reinsch from the Center for Strategic and International Studies (CSIS).
Reinsch previously served for 15 years as President of the National Foreign Trade Council. From 2001 to 2016, he concurrently served as a member of the US-China Economic and Security Review Commission. Mr. Reinsch also served as the undersecretary of commerce for export administration during the Clinton administration.
Over a year since US President Joe Biden entered office in January 2021, a cohesive US-China trade strategy has still not yet been publicly articulated. American import duties remain in place on roughly $335 billion worth of Chinese goods. A growing range of export controls and bans continue to challenge US companies’ China strategies and propel the trend of decoupling between the world’s two largest economies.
As such, the relationship between these two economic superpowers remains deeply fractured. In addition, this year has seen a rise in geopolitical uncertainties coupled with worsening supply chain disruptions and negative economic impacts, because of China’s recent efforts to control the latest COVID-19 outbreaks.
During the dialogue, Reinsch discussed these topics and more, and answered questions including: Is there a cooperative path forward for the world’s two largest economies? How does the MNCs in China managing the increased pressures from both countries?