The “art” of many small deals could yield results in the US-China economic relationship, which is so complex that it defies a one-size-fits-all solution.

At their Osaka meeting, Trump and Xi agreed to restart trade talks and work to improve US-China ties. Trump also stated he would add no additional tariffs to Chinese goods. The meeting demonstrates the continued importance of dispute management between the two economic powerhouses.

The US-China trade war is having a devastating effect on the global solar industry, and the cost of solar installations in the US has significantly increased.

American multinationals may like the idea of forcing China to alter the policies and practices – from subsidies for state-owned enterprises to the requirement that foreign firms share proprietary technology in exchange for access to the Chinese market – that place them at a competitive disadvantage. But, as US President Donald Trump’s trade war continues to escalate, it is worth asking: What price are these companies really willing to pay?

Blinded by a surging stock market and a 50-year low in the unemployment rate, few dare to challenge the wisdom of US economic policy. Instant gratification has compromised the rigor of objective and disciplined analysis. Big mistake. The toxic combination of ill-timed fiscal stimulus, aggressive imposition of tariffs, and unprecedented attacks on the Federal Reserve demands a far more critical assessment of Trumponomics.

Trump and Xi will meet at the G20 summit. But for this meeting to be productive, the US must own up to the ineffectiveness of its “maximum pressure” strategy. Recent moves against Iran, North Korea, and Huawei have all backfired — some introspection is needed.

The benefits of Sino-US trade—new jobs, more efficient division of labor, an engine for the world economy—have seemingly been forgotten. But all is not lost. If China and the US can reconnect, new opportunities beckon: in infrastructure, energy, tech, climate change, and beyond.

With negotiations breaking down, the China-US trade war now seems less about temporary disputes and more about a US plan to win a “clash of civilizations.” But this clash would mean unwinding generations of economic integration, with potentially disastrous results.

Whining about China and starting a unilateral trade war is not a winning strategy. If China stumbles, the world will tumble.

U.S. Treasury Secretary Steven Mnuchin is scheduled to meet with People’s Bank of China Governor Yi Gang this weekend at a gathering of G20 finance leaders in Japan, marking the first face-to-face discussion between key U.S. and Chinese trade negotiators in nearly a month.