Tariff Threats Bring Crowds to US-China Trade Discussion

Fri, June 22, 2018 11:56 AM | Deleted user


Over 100 business and civic leaders gathered to understand US-China trade.


(L-R) Gil Flores, Vice President, Senior Relationship Manager at City National Bank, and Jeff Allred, President & CEO at SGVEP 

"China does not want to have a trade war with the United States,” said Haiyan Liu, Senior Commercial Consul for the Chinese Consul General in Los Angele, to an audience of over 100 business and civic leaders on Thursday, June 21 at an event titled “Power Lunch 2.0 -- International Trade: What’s Really Happening with US-China,” a monthly business series hosted by the San Gabriel Valley Economic Partnership.


(L-R) Haiyan Liu, Senior Commercial Consul for the Chinese Consul General in Los Angeles; David Atkinson, senior vice president and foreign exchange sales manager at City National Bank; and Andrew Kositkun,  vice president and interbank FX trader

Joined by two senior analysts from City National Bank, a sponsor of this event, Mr. Liu showed the audience the facts: China is the Largest Trade Partner and the largest import source of the US. China, at the same time, is a significant market for US exports. That means, according to Mr. Liu, trade between the world’s two largest economies is mutually beneficial.

David Atkinson and Andrew Kositkun of City National Bank offered insights into the recent increase threat of a trade war between Washington and Being. On Friday, Washington announced a 25% levy on $50 billion of imports from China. Beijing fired back by slapping a 25% tariff on American imports. This week Washington threatened to impose tariffs on an additional $200 billion in Chinese imports and to double that amount if Beijing retaliates.

The Partnership would like to thank all the following individuals and organizations for attending this event:

Government Officials

City of Irwindale, Council Member Manuel Ortiz

Three Valleys, John Mendoza

Office of Congress Member Ed. Royce, Stephanie Hu

Office of LA County Supervisor Kathryn Barger, Sandra Maravilla and Paul Green

Office of Congress Member Grace Napolitano, Bob Pence and Heather Elizalde

City of Arcadia, Tim Schwehr

City of Monterey Park, Donna Ramirez & Tom Welch

Media

Kevin Smith, San Gabriel Valley News Group (SGV Tribune and Pasadena Star News)

Apple Daily

Charming China 

EDI Media

News Agency America

Sky Link TV

Business Organizations

Chinese Consulate General, Yuan Hao

Pasadena Chamber of Commerce, Paul Little

Irwindale Chamber of Commerce, Marlene Carney

El Monte/South El Monte Chamber of Commerce, Ken Rausch

San Gabriel Valley Regional Chamber of Commerce, Anthony Duarte

Monterey Park Chamber of Commerce, Dora Leung

Pacific Merchants Shipping Association (Ports of LA and Long Beach), Jessica Alvarenga

Chinese American Federation, Sher Li

US Zhejiang General Chamber of Commerce, Guang Lin

Beijing Association, Peter Wei

Guandong Economic Development & Trade Promotion Office of North America, Ding Hong He

Invest Shanghai, Michael Yu

America Guizhou Chamber of Commerce, Mandy Carter

SGVEP Board Members 

Paul Donaldson, Citizens Business Bank

Michel Rodgers, Lucas, Horsfall Accountants and Adv


San Gabriel Valley Economic Partnership

4900 Rivergrade Road, Suite B130, Irwindale, CA 91706

Phone: (626) 856-3400    Fax: (626) 856-5115

Email: info@sgvpartnership.org

Office Hours: Monday–Thursday 9:00 a.m. to 5:30 p.m.,
Friday 9:00 a.m. to 1:00 p.m.

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