US, China ‘sorely need’ to resume trade talks and CPTPP could play role, American lobbyist says

Craig Allen, president of the US-China Business Council (USCBC), urged Beijing and Washington to reestablish a formal mechanism to discuss macroeconomic and trade issues with the outlook unclear after the expiration of the phase-one trade deal. “At least this would allow both sides to better understand the priorities and concerns and decisions of the other, talking is better than not talking,” Allen said on Thursday during a forum held by the Beijing-based think tank, the Centre for China and Globalisation. “Without [dialogue], both countries appear to assume the worst of the other. When [dialogue] comes to trade specifically, perhaps the two sides could use CPTPP as a framework or an agenda for the negotiation.”