Calls for China, US trade talks grow despite persistent political disputes

Noting that the average tariff on each side is 20 percent, Craig Allen, president of the US-China Business Council, warned that investment would be hit in tandem with declining trade and would be very sticky once in place. Allen said "there are real risks that these tariffs may become permanent, and permanently distort the bilateral economic relationship. And this would be unacceptable." "Therefore, I hope that the US and China continue implementation of the important phase one agreement and consider next steps, including a possible phase two agreement," the US business representative said.