Wall Street Journal writes the political fallout over China's seizure of an American underwater drone continued Sunday, even after both countries said China would return the device. Sen. John McCain (R., Ariz.) called China's action a "gross violation of international law" in an interview on CNN Sunday. The Chairman of the Senate Armed Services Committee also criticized the U.S. over the incident, suggesting its policies have been emboldening countries such as China and Iran. "There's no strength on the part of the United States of America. Everybody's taking advantage of it. And hopefully that will change soon," Mr. McCain said. The comments came after both the Pentagon and China's Defense Ministry on Saturday said China would return the drone, which it had seized Thursday in the South China Sea. China said its navy rescue ship had retrieved what was at the time an "unknown device" because it posed a safety risk to ships and sailors. The incident marked an escalation of China's efforts to block U.S. naval surveillance and came days after President-elect Donald Trump angered Beijing by suggesting his administration might abrogate the "One-China policy"—a decades long agreement on the status of Taiwan—if China doesn't make concessions to U.S. interests. He cited issues including trade, China's military buildup in the South China Sea and North Korea's nuclear program.

Forbes writes that while a group of U.S. technology leaders were meeting with the President-elect at Trump Tower this past week, a few blocks south at the University Club on Fifth Avenue, another history-making event was happening. Here, former U.S. Secretary of State Henry Kissinger was offering his views on U.S. China-relations in the Trump-Xi era. The room was packed to hear Dr. Kissinger's views, and they were mostly optimistic about what the future holds for U.S.-China relations at a time when uncertainties exist over policy changes with a new administration. That was underscored by the dispute that arose shortly after Kissinger's remarks over a U.S. underwater survey drone that was seized and later returned by China in the South China Sea. At the event held by the Committee of 100, a group made up of Chinese-American leaders, and China's leading business school, Cheung Kong Graduate School of Business, the world renown diplomat predicted that a cooperative way will prevail as both sides recognize what it is in the collective interest.  He added that Trump is likely to change his tone over world trade issues once he is in office and surrounded by experts in Sino-American ties.