As the outgoing Biden administration gives way to the incoming Trump administration, Presidents Biden and Xi Jinping met in Lima, Peru for the final time as national leaders. The working summit meeting caps four years of turbulent relations between the two nations and governments. But despite tensions, the two sides have managed to successfully reestablish channels of intergovernmental communication that have served to stabilize the relationship to some extent.

America’s fundamental strategy of creating trading blocs of approved partners will have disastrous global consequences. The Great Depression in the 1930s was brought on, in part, by U.S. protectionism. The world must now guard against a similar calamity.

East Asia is increasingly aligning with the U.S. to curb China's semiconductor ambitions, driven by the US's indispensable role in chip design and concerns about China's credibility as a business partner, giving the U.S. an advantage in the ongoing tech competition with China.

America is working to advance its trade ties with China while at the same time escalating export controls and pressure to manage the great power rivalry. The recent visit by Commerce Secretary Gina Raimondo reinforces the point.

Chinese chipmakers have remained surprisingly resilient despite U.S. semiconductor export controls. By redirecting focus towards legacy chip production, stockpiling restricted foreign chips, government support, and open-source RISC-V chip design architecture, China’s semiconductor industry may survive Washington’s export control campaign.

While the United States is focused on competition with China, when it comes to artificial intelligence cooperation is the better choice. In applications such as retail, finance, manufacturing, self-driving cars and telemedicine, the two countries can both win.

It’s not in China’s best interests to be trapped in a bilateral tit-for-tat with the United States. We can do better by reaching out constructively to other developed countries. We will win the contest if we can do this.

A ban on the export of advanced chip manufacturing equipment to China by the Netherlands and Japan, imposes sweeping restrictions. The ban aims to contain China’s semiconductor industry and further widen America’s tech lead. But it’s not going to work.

America shamelessly uses other countries to further its own agenda, disregarding their needs. It has split the world and kept it in a state of perennial conflict since World War II and is now invoking the nightmarish return of the Cold War.

We need to learn how to respect differences and live harmoniously, because not all people or cultures are alike. It’s not healthy for the new Indo-Pacific concept — which works against open regionalism — to replace the traditional notion of the Asia-Pacific.