Friday, July 20th, Deloitte Chinese Services Group, partnered with China General Chamber of Commerce – Chicago, held a roundtable luncheon at Deloitte Chicago Office to discuss tariffs, trade, and opportunities for China and the U.S. under the current situation. The guests consisted of partners from different Deloitte offices, local business leaders, and board members of CGCC Chicago. Kefei Xu, Vice-chairman of CGCC-Chicago, President of Bank of China Chicago Branch, ZOU Xiaoming, Commercial Counsellor of Chinese Consulate General in Chicago, Andrew Spinelli, Director of World Business Chicago delivered opening remarks.
Helen Cousineau, Managing director of customs & global trade at Deloitte, an expert in international tax and cross-border tax, performed a detailed analysis of the tax and policy changes in both the U.S. and China since February 7th. She gave opinions on the possible future influence on businesses from both sides of the ocean. Her presentation was followed by an extensive Q&A session that answers some of the concerns of Chinese companies.
Later, CSG leaders and tax partners from Deloitte led a panel discussion to analyze and explain the meaning and effects behind the terms of the tax reforms. The panel discussion was conducted in both Mandarin and English to accommodate the diversified and distinguished guests.
The roundtable luncheon was well attended by CGCC Chicago members as Deloitte experts gave business representatives a mind to re-evaluate challenges and opportunities under current situation and how to get benefits from them. As Mr. Xu said in his opening remarks, “businessmen should talk business, let the politicians talk politics.”