With the election of Donald Trump to the White House, the Obama Administration has finally accepted the inevitable and has announced that it will cease efforts to push the Trans Pacific Partnership (TPP) forward in the waning days of the Lame Duck session. Over the long term, Washington will need to re-assert its trade presence in the Asia-Pacific region. The supply chains are too interwoven and interdependent for the U.S. to go at it alone, despite the isolationist rhetoric emanating from the U.S. election.

Traditional hands-off posture toward foreign entanglements could well be the hallmark of the incoming administration, as it pursues the new president’s call to put “America first”. It remains to be seen whether that is a formula for isolation or trade wars in the modern era.

Donald Trump’s ascension to the presidency in 2017 will also make him the new commander-in-chief of the United States Armed Forces, with a large say over the question of war and peace in the next four years. While some see his strongman style as reminiscent of Theodore Roosevelt’s Gunboat Diplomacy, there are too many known unknowns about Trump’s defense policies to predict how he would react in the event of war or a perceived threat.

A president-elect’s promises and actual policies are always two different things. “Putting America first”, Trump’s chief consideration, means that a quick expansion of the U.S. role in international affairs doesn’t look likely in the near future. But remarkable shrinkage in U.S. diplomatic and military activities in the world will not happen very soon either.

Compared with diplomatic issues, the new administration is facing more challenges in domestic affairs, which is also more critical for Trump’s re-election four years from now. For a Trump administration, with the edge of the Republican-controlled Congress, it is urgent to promote domestic policies and reforms. The alliance system, therefore, is not among the top priorities or issues, and its institutional nature insulates it from the whims of a single individual.

The fine momentum of deepening China-US cooperation in various areas will inevitably extend into the upcoming new US presidency. Donald Trump and his team, who have won the election under the banner of “Make America Great Again”, should see that joining hands with China in the Asia-Pacific will result in a win-win scenario for both counties.

“Qualified” or not, the billionaire and reality TV star struck a chord with American voters, and his ideas on taxes, medical reform and other issues will evolve as the president-elect mends fences with his own party and develops his style of governance.

It remains to be seen whether the Trump-led US will be more self-confident, or more suspicious; continue embracing (though no longer enthusiastically) globalization, or nervously shrink back. The notion that businessman Trump will be more interested in cutting deals, and that his foreign policy will forsake persistent American values and criteria, is overly naive.

Donald Trump will be the next president of the United States, which could signal a new configuration for U.S.-China relations. Three options appear possible. First, Trump’s Administration could end up confusing China through a mixture of respect and intimidation. Second, Trump’s Administration could opt to preserve the status quo of economic engagement but American military superiority in East Asia. And Third, Trump’s Administration could seek to orient the bilateral relationship towards respect and mutual benefit, avoiding “self-damaging” competition. Which path will be taken will largely rest on the sort of people Trump appoints to his Administration.

Reacting to issues from Korea to the South China Sea, the next president of the United States should carefully build mutual confidence and reduce the possibility of risks. Holding the annual summit between the two leaders as early as possible in 2017 would be a great first step.