The two major powers should go beyond their differences and work together to advance global industry and offer even greater joint contributions — finding new ways to secure a peaceful, mutually beneficial relationship.

Trump's proposed tariffs on Chinese imports serve his nationalist base but ultimately act as a deceptive "shell game," shifting costs to American consumers and producers. While some industries may benefit short-term, the broader economy and middle-class Americans will ultimately bear the long-term consequences.

Beijing has put the United States on notice that China will fight to safeguard its interests. Like a giant panda, which will attack someone who pokes it in the eye, China retaliated swiftly after the Biden administration tightened the screws on technology exports. Donald Trump, who has threatened a new trade war, should take careful note.

Daniel Russel is vice-president for international security and diplomacy at the Asia Society Policy Institute. He previously served as special assistant to U.S. President Barack Obama and Assistant Secretary of State for East Asian and Pacific affairs at the U.S. State Department from 2013 to 2017. He was a major figure in the Obama administration's "pivot towards Asia" strategy. In a recent interview with James Chau of China-US Focus in Tokyo, Daniel Russel shares his concerns on U.S.-China rivalry in new technologies and its impact on bilateral relations and the globe as well.

The Trump White House is likely to ignite another round of inflation in new trade and tech wars. And that could drive U.S.-China ties to the edge.

In the run-up to the 2018 mid-term elections, then-President of the US Donald J Trump began to ratchet up the intensity of both his rhetoric and policies targeting China – more specifically, the US-China trade relationship. Castigating the trade deficit as one in which China was unfairly taking advantage of China, Trump fired his first shot in July, imposing tariffs on $34 billion worth of Chinese goods.

I saw nothing but denial in my recent post-US-election tour of Asia, with stops in Hong Kong, Shenzhen, Beijing, and Singapore. Taking a cue from surging global equity markets, Asians are making every effort to wish away problems at home and abroad.

Republican proposal, along with heavy tariffs promised by Donald Trump and certain retaliation by U.S. trading partners, would drive the global economy into a new Great Depression. Rather than trying to punish China, the U.S. should continue to maintain dialogues and establish practical trade and investment collaboration.

The current state of bilateral relations in agriculture, services and NEVs underscores the fact that engagement and cooperation underpinned by self-confidence and mutual trust are essential prerequisites for a more promising future in China-U.S. relations.

Even amid frictions, empirical data show that trade between China and the United States is an objective economic law, based on complementary economies. Political tensions and other restrictions could distort or delay the growth but will be unable to kill it.