Economic fallout from the COVID-19 pandemic and escalating political tensions pushed two-way investments between the United States and China to their lowest level in nearly a decade in the first half of 2020. Expanding U.S. scrutiny of Chinese companies, election politics, and uneven economic recovery trajectories will maintain high pressure on U.S.-China capital flows for the remainder of the year. This is the major finding of a new report titled Two Way Street: 1H 2020 Update published by Rhodium Group and the National Committee on United States-China Relations.