U.S.-China Business Council (USCBC)
John Frisbie, President
Founded in 1973, USCBC is a private, nonpartisan, nonprofit organization of roughly 220 American companies that do business with China. The following is excerpted from September 15, 2010, testimony before the House Ways and Means Committee on China’s Exchange Rate Policy. USCBC believes that China’s exchange rate should better reflect the market influences from trade flows. USCBC believes that legislation will be counterproductive to reaching that goal. Why? First, most trade lawyers believe that addressing the exchange rate with countervailing duties would violate WTO rules. We do not think it is in the United States’ interests to pursue measures that…
