🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

Schumer confirms US Senate trip to China, Japan, South Korea

Published 10/03/2023, 07:26 AM
Updated 10/04/2023, 01:15 AM
© Reuters. FILE PHOTO: U.S. Senate Majority Leader Chuck Schumer (D-NY) addresses a press conference during a break in a bipartisan Artificial Intelligence (AI) Insight Forum for all U.S. senators at the U.S. Capitol in Washington, U.S., September 13, 2023. REUTERS/
USD/CNY
-

By David Shepardson

WASHINGTON (Reuters) -A bipartisan U.S. Senate delegation will visit China, Japan and South Korea in October, Senate Majority Leader Chuck Schumer's office said on Tuesday.

The six-senator group will be co-led by Republican Mike Crapo, whose office said earlier the trip is planned for next week and that the senators hope to meet with Chinese President Xi Jinping.

Schumer has repeatedly urged the United States to take a harder line on China, and urged lawmakers earlier this year to begin new legislation aimed at addressing concerns about the world's second-biggest economy. The trip will follow visits by a series of Biden administration officials, including Commerce Secretary Gina Raimondo in August.

Schumer's office said the trip's goal is to advance U.S. economic and national security interests in the region and will feature meetings with government leaders and business leaders from each country and from U.S. companies operating in each country.

Schumer "will focus on the need for reciprocity in China for U.S. businesses that will level the playing field for American workers, as well as on maintaining U.S. leadership in advanced technologies for national security," his office said.

Other senators on the trip include Republicans Bill Cassidy and John Kennedy and Democrats Maggie Hassan and Jon Ossoff.

China welcomes Schumer's visit and hopes it will deepen the U.S. Senate's "objective" understanding of China and facilitate dialogues between the nations' legislative agencies, China's foreign ministry said on Wednesday.

© Reuters. FILE PHOTO: U.S. Senate Majority Leader Chuck Schumer (D-NY) addresses a press conference during a break in a bipartisan Artificial Intelligence (AI) Insight Forum for all U.S. senators at the U.S. Capitol in Washington, U.S., September 13, 2023. REUTERS/Julia Nikhinson

Raimondo said in August that U.S.companies had complained to her that China has become "uninvestable," pointing to fines, raids and other actions that made it risky to do business in the country.

"For U.S. business in many cases, patience is running thin, and it's time for action," she said, adding that companies face "exorbitant fines without any explanation, revisions to the counterespionage law, which are unclear and sending shock waves through the U.S. community; raids on businesses – a whole new level of challenge and we need that to be addressed."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.