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Trump Export Controls Cost U.S. Firms Billions, Erode Market Share

8/12/2026

Summary

Story summary

U.S. President Donald Trump’s export-control licensing regime is costing the United States billions in lost exports and shrinking market share, the U.S.-China Business Council said.
A July survey found months-long licensing delays have cost billions and that most pending licences cover items already supplied in China, sidelining U.S. firms.
Council president Sean Stein said the controls reverse their purpose, undermine U.S. competitiveness and technological leadership, and provide no national-security protection.

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Story summary

U.S. President Donald Trump’s export-control licensing regime is costing the United States billions in lost exports and shrinking market share, the U.S.-China Business Council said.
A July survey found months-long licensing delays have cost billions and that most pending licences cover items already supplied in China, sidelining U.S. firms.
Council president Sean Stein said the controls reverse their purpose, undermine U.S. competitiveness and technological leadership, and provide no national-security protection.