TechNet Statement Ahead of President Trump’s Meeting with Chinese President Xi at G20 Summit
Washington, D.C. — Ahead of the meeting between President Trump and Chinese President Xi on Saturday at the G20 Summit, TechNet President and CEO Linda Moore issued the following statement:
“We hope Saturday’s meeting will lead to renewed negotiations and meaningful progress towards ending this costly trade war. Over the past year, these tariffs have resulted in higher prices for consumers, disrupted supply chains for businesses of all sizes, and left fewer resources for companies to invest in R&D. Raising the stakes with another $300 billion in new tariffs — as the latest Trump Administration proposal would do — will only add to the pain.
“This meeting presents an opportunity for a reset. We strongly urge President Trump and President Xi to work in good faith and find a way to resolve this conflict and end the tariffs.”
TechNet CEO Linda Moore recently testified in person before the Office of the U.S. Trade Representative (USTR) Section 301 Committee and filed official comments regarding the impact that imposing additional tariffs on Chinese imports worth an approximate annual value of $300 billion will have on consumers, our industry, and the future of America’s position as the global innovation leader. Moore’s comments can be viewed here.
TechNet is the national, bipartisan network of technology CEOs and senior executives that promotes the growth of the innovation economy by advocating a targeted policy agenda at the federal and 50-state level. TechNet’s diverse membership includes dynamic American businesses ranging from startups to the most iconic companies on the planet and represents over three million employees and countless customers in the fields of information technology, e-commerce, the sharing and gig economies, advanced energy, cybersecurity, venture capital, and finance. TechNet has offices in Albany, Austin, Boston, Chicago, Olympia, Sacramento, San Francisco, Silicon Valley, Tallahassee, and Washington, D.C.