The U.S. Commerce Department has accused two of China’s largest telecom providers for violating sanctions by selling American technology to Iran, North Korea, Cuba, and Sudan. If Huawei and ZTE want to find a more receptive environment in U.S. markets, they may have to choose between following Chinese government desires to aid friendly nations, or complying with U.S. objections to its actions in controversial markets.

Surprise announcement of US partner’s withdrawal from joint venture leaves the world wondering about American priorities, as political winds seem to blow needed infrastructure development off track.

Republicans and Democrats alike have taken aim at both China and the Trans-Pacific Partnership, holding them up as the scourge of beleaguered American workers. America needs to save more and consume less, while China needs to save less and consume more. To succeed, both countries will have to overcome entrenched mindsets.

The US-China Business Council writes that instead of building protectionist walls, the U.S. should boost exports to China—the fastest growing market in the world—by pursuing policies that reduce the trade and market access barriers that China uses to keep out American manufactured goods, services, and agriculture products. The U.S. should also take steps to boost worker education and training, and improve competitiveness to ensure that America continues to have a strong economy.

Donald Trump’s supposed 45 percent tariff on Chinese imports would punish American consumers, violate international trade rules, and ignite a trade war. However, given when a Chinese company pays top dollar to acquire a public U.S. company, shareholders generally receive cash in excess of the stock price, which goes right to the pockets of U.S. households and retirees.

The U.S. Treasury department has released a report on currency policy and trade between its major partners, selectively picking rules from the IMF’s list of currency manipulations actions to its advantage. To fix the porous global currency system, the Obama Administration should sit down with China and re-write multilateral rules and create a diverse supply of safe globally traded assets.

Increasing US technology and equipment exports to China would not only helping Chinese industrial upgrading, but also help US production in a time of sliding Chinese demand for US goods. Finalizing a bilateral investment treaty and closer collaboration between both governments and business to clinch more PPP projects in US infrastructure investments also would benefit both countries.

The manufacturing jobs that the U.S. lost in the preceding decades did not move on to China – they no longer exist. There is no way to bring back these jobs as machines can do them better, and cheaper, than any American worker. The solution to our present dilemma certainly isn’t a manufacturing revival, but it may be a 20-hour workweek.

The US dollar’s appreciation is driven by the US economy’s recovery and the Federal Reserve’s monetary policy normalizing, not the recent turmoil in China’s stock market or its shrinking demand for oil. The US should encourage China to stick to its reform plan and introduce more of its experience on risk control and crisis management to China.

Should China finally move to better police both the makers and the distributors of counterfeit and shoddy products, the nation’s leaders could also take a page from California’s experiences and do more to seek to spur innovation, rather than imitation.