The unfortunate Japanese experience in boosting domestic demand and setting trade policy can be drawn upon today. Hopefully, China will not repeat the mistakes of Japan. Frictions between China and the United States can be addressed if they are willing to meet each other halfway.

The deadline for China to reach the Phase 1 Trade Agreement targets has come and gone, and China has officially fallen short of its commitments. The two countries now must decide how to move forward.

Despite a meeting of presidents and intensive talks at lower levels, the United States has not fundamentally altered its position. This needs to change. Next year should be characterized by reasonable, constructive efforts — followed by action — to ease the current tensions.

The seemingly stagnant review of U.S. official policy on trade with China has driven business leaders stateside to start issuing demands to the Biden administration for clarity and an end to the economic constraints of the trade war.

The only correct and feasible way to manage bilateral trade and competition is to apply WTO rules. China and the United States should list each other’s concerns and find solutions compatible with WTO rules on subsidies, policies and national safety. it’s the only way to sustain a durable coexistence.

U.S.-Sino ties plunged during the Trump administration, but the downfall has only intensified since Biden’s presidency. Without concrete policy shifts, the tensions, fueled by defense contractors, translate to arms races and elevated nuclear risks in Asia.

Trade between China and the United States is growing, defying a disabling global pandemic and the Trump tariffs. The continuation of the Trump trade policy will only lead to a dead end.

As the worst trade war since WWII enters its fourth year, it is worth stepping back to survey the overall trajectory of the U.S.-China trade dispute.

There is a global shift towards a new economic philosophy, which both Washington and Beijing are grappling with. Open understanding of both economies could help the two countries establish the foundation for cooperation.

The U.S. and China conduct hundreds of billions of dollars worth of trade with each other, yet they remain at odds in the political arena. Although each government can claim their grievances, business operators have more to gain with more open communication.