The China-U.S. relationship needs to be recalibrated, said William Zarit, chairman of American Chamber of Commerce in China, adding that statesmanship is required.
The United States should recalibrate the policy of rule of law, said Chris Marlin, president of Lennar International, adding that U.S. laws target certain kinds of countries and actors in a way that may appear to others as discriminatory.
Sorasak said the recent rising tendency in protectionism and unilateralism poses a severe hindrance to the global effort undertaken at the World Trade Organization (WTO) and beyond.
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The USCBC is a trade group representing more than 200 U.S. companies that do business with China. Enditem
Although Trump's actions could yield a short-term gain for the United States, they have introduced severe potential risks to U.S. interests, not to mention international and domestic rules of commerce, Wei said.
The companies, in line with market principles and international rules, have conducted commercial activities in the United States while following local laws and regulations, Wang told a daily press briefing.
Starting from common interests of both sides, China and the United States should carry out open dialogue and cooperation, it said.
In trade, for example, China has moved to address Washington's concerns, said Castrillon.
"In light of Washington's trade concerns, China put into effect at the beginning of 2020 a new Foreign Investment Law that gives foreign companies greater access to the Chinese market, and offers greater guarantees in intellectual property protection," he said.
Still, it will be necessary to establish a clear framework for relations between China and the United States, given the current complex situation of ties, he said.
Non-interference in other countries' internal affairs is a basic norm governing international relations, and no country will allow other countries to flagrantly sabotage its sovereignty or territorial integrity, said Wang.