US Export-Control Licensing Regime Costs Billions, Undermines Global Market Share
Quick Look
A US-China Business Council survey reveals the Trump administration's export-control licensing regime is costing the US billions in lost exports, with most restricted items already available in China from other suppliers, thereby undermining US competitiveness.
AI-generated summary
Why It Matters
The Trump administration's export-control policies aim to restrict China's access to sensitive technologies.
The Trump administration’s export-control licensing regime is achieving little strategic benefit while costing the United States billions of dollars in lost exports and undermining American companies’ global market share, according to a new business survey.
“Months-long licensing delays are costing the United States billions of dollars in exports and eroding American market share globally,” the US-China Business Council (USCBC) found in a flash survey of companies conducted in July.
The survey also found that most of the pending export licences are for items that are “already available in China from Chinese or international suppliers – effectively sidelining American companies for no strategic gain”.
“Export controls are important, but if they are not calibrated, then they have the reverse effect,” Sean Stein, president of the USCBC, told the South China Morning Post.
“They undermine US competitiveness, undermine US technological leadership while doing nothing to protect national security.”
What to Watch
AI outlook — possibilities, not facts
Increased tensions in US-China trade relations
Likely · Short term
Open Questions
- Long-term impact on US-China trade relations
