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Buberl is very optimistic about the outlook of China's economy and believes with the government's continuous efforts to open up — especially in the financial sector — China will have a prosperous future.

Brandy Christian, president and CEO of the Port of Louisiana, said that imposing tariffs arbitrarily on steel and aluminum will hurt ports, the larger maritime community and steel-consuming industries.

Brown said he expects the "new normal" caused by the changing climate would exacerbate other problems, including California's long history of severe droughts.

Brian Sheth, the co-founder and president of private equity firm Vista Equity Partners, is the board chair of Global Wildlife Conservation and founded The Sheth Sangreal Foundation with his wife to support environmental and educational initiatives. The Sheth Sangreal Foundation will fund operational and administrative costs of Earth Alliance.

Businesses manufacturing or selling products that do not comply with the new standards will be investigated strictly, and violators will be ordered to stop manufacturing or selling unqualified products and pay fines. They could also face revocation of business licenses or criminal penalties.