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:
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
Kevin Smith, San Gabriel Valley News Group (SGV Tribune and Pasadena Star News)
News Agency America
Sky Link TV
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