{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='American companies operating in China concerned at deepening trade spat' data-url='/boclips/videos/5c54d772d8eafeecae20bfa1' data-video-url='/boclips/videos/5c54d772d8eafeecae20bfa1' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nAmerican companies operating in China concerned at deepening trade spat\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eAn official representing American companies in China said the ongoing US-China trade tension could open the door for other international competitors to capture the US market share in the Asian country.               Jacob Parker is Vice...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eAn official representing American companies in China said the ongoing US-China trade tension could open the door for other international competitors to capture the US market share in the Asian country. \u003cbr/\u003e              Jacob Parker is Vice President of China Operations at the US-China Business Council (USBC), which represents Americans that do business in China. \u003cbr/\u003e              He says soybeans could be a possible target for future retaliation should the United States announce additional trade measures.\u003cbr/\u003e              In the year that ended last Aug. 31, America's soybean farmers, for instance, sent 12.4 billion US dollars worth of soybeans to China. That was 57 percent of total U.S. soybean exports.\u003cbr/\u003e              China raised import duties on a 3 billion US dollars list of U.S. goods in response to the tariffs on imported steel and aluminum that US President Donald Trump ordered last month. \u003cbr/\u003e              The Chinese tariff hit meat producer Tyson Foods hard, but investors are mostly concerned that both countries will take further steps that ultimately harm global commerce and company profits.\u003cbr/\u003e            \u003cbr/\u003e\u003cbr/\u003e              Beijing - 3 April 2018\u003cbr/\u003e              1. Various setup shots of Jacob Parker, US-China Business Council, Vice President of China Operations\u003cbr/\u003e              2. SOUNDBITE (English) Jacob Parker, US-China Business Council, Vice President of China Operations:  \u003cbr/\u003e              \"Most indicate that the actions taken by the Chinese government were in line with expectations, they'd been communicating for some time that any tariff action taken by the United States would be responded reciprocally in a measured way, and the three billion dollars that were imposed against China were exactly in line with the impact of the steel and aluminum tariffs on China's imports to the United States.\"\u003cbr/\u003e              3. Cutaway of Parker\u003cbr/\u003e              4. SOUNDBITE (English) Jacob Parker, US-China Business Council, Vice President of China Operations:\u003cbr/\u003e              \"I think there's probably a recognition that China is serious about a reciprocal response to any action taken by the United States, so that indicates that whatever the next tariff action by the US government is, China will likely respond in the exact same reciprocal measured way as they did this time, so it's likely justifying some of the biggest concerns of the market players today.\"\u003cbr/\u003e              5. Cutaway of Parker\u003cbr/\u003e              6. SOUNDBITE (English) Jacob Parker, US-China Business Council, Vice President of China Operations:\u003cbr/\u003e              \"So the US China Business Council's conversations with senior Chinese government officials indicate that soybeans will very likely be a target of future tariff action. They recognise that soybean growers in the United States are part of President Trump's core political constituency and that not only would it impact the overall trade deficit on one of China's largest imports from the United States, it may also have political ramifications for the administration in the future.\"\u003cbr/\u003e              7. Cutaway of Parker\u003cbr/\u003e              8. SOUNDBITE (English) Jacob Parker, US-China Business Council, Vice President of China Operations:\u003cbr/\u003e              \"We've heard from some member companies that any deterioration in US-China relations may open the door for some of their international competitors to capture their market share in the China market. Our companies tend to be very competitive in the markets in which they operate, and if there is any feeling from China's policymakers or from SOEs (state-owned enterprises) that they should be diversifying away from American products in their supply chains, in their procurement processes, then it could open the door for European, Japanese, and in some cases, Chinese products to take up some of that market share that our companies currently occupy.\"\u003cbr/\u003e              Beijing - 30 March 2018\u003cbr/\u003e              9. 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