US’ export-control licensing regime costs billions in lost exports, with items ‘already available in China’ from variety of other suppliers
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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”.