December 13, 2019

WASHINGTON – Today, ITI issued the following statement from Jason Oxman, President and CEO, reacting to the announcement of a “phase one” trade deal between the United States and China:

“We’re pleased Presidents Trump and Xi have agreed to a ‘phase one’ deal that begins to roll back harmful tariffs, increases IP and tech transfer protections for American companies, further opens China’s financial market, and stabilizes this critical trade relationship. This is an important and encouraging leap forward, but more work remains. We encourage both countries to use this positive momentum to finalize a broader agreement that meaningfully addresses China’s longstanding unfair trade practices. The trade war has already cost American consumers and businesses more than $42 billion – and that toll continues to increase every day. Ending this conflict will allow innovation and the economy to prosper.”

Public Policy Tags: Trade & Investment