How China and the U.S. can strike a new deal.

We are currently headed into an unprecedented crisis in the world trading system that is not simply rooted in bad laws, weak institutions, reckless leaders or rogue nations; it is rooted in wrongheaded theories. The looming U.S.-China trade war is one of the real consequences of this.

The “informal summit” between Chinese President Xi Jinping and Indian Prime Minister Narendra Modi at the end of April will likely be extremely consequential. The “Chindian reset” could well be a new beginning that allows the most dynamic region in the world to claim a “pacific” new Asian Century.

At its core, the current flare up in U.S.-China trade relations is only the latest episode in a long-running rivalry between the two sides in science and technology. Washington should take the present climate as an opportunity to engage China in a constructive way and look inward for ways to shore up its own tech sector.

What a friend China has in Trump.

The US should stop resorting to unilaterialism and protectionism on trade issues. In this way the economic cooperation between China, the United States, and other countries can be further consolidated and developed.

Chinese dogs and cats will have to wait a little longer to eat, as American goods meant for export in China, including pet food, are facing unusual delays at Chinese ports.

Overturning the trade deficit is only an excuse: what Trump and his administration are aiming to achieve is to terminate the progress of the “Made in China 2025” initiative and eventually, to delay the development of China’s high-tech industries.

What is needed now between China and the U.S. is better negotiation between both parties and a lot more goodwill, particularly on the part of the U.S. Basic education about how trade works is also essential for the Trump White House, which appears to have confused trade deficits with real economic losses.

Many in the West fear a China-led attempt to overhaul the rules and norms that underpin the existing world order. Are they right to be afraid?