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US export-control licensing delays cut exports and market share, survey says
A July flash survey by the US-China Business Council found months-long licensing delays are costing the United States billions of dollars in exports.
The US-China Business Council says the Trump administration’s export-control licensing approach is delivering limited strategic value while harming US companies’ ability to compete abroad, according to a business survey.
In a flash survey of companies conducted in July, the group found months-long licensing delays are costing the United States billions of dollars in exports and eroding American market share globally.
The findings were detailed by SCMP Economy, citing the USCBC’s conclusion that licensing timelines are undermining firms’ global sales prospects despite the policy objective.