The China-US reconciliation at the Osaka G20 Summit grants opportunities for a new trade deal to stabilize the global economy. However, if protectionism, populism, and international tensions go unchecked, the summit’s benefits are likely to be short-lived.

The open letter signed by US experts and scholars gives a voice to some of the cooler heads in China-US relations. But closer reading indicates that a serious and powerful challenge to Trump’s fundamental China strategy is still lacking in the US.

Though their G20 Osaka summit meeting made headlines for its positive signals, President Xi and President Trump still must address three key areas for policy coordination: mitigating the global impact of financial innovation, balancing their scientific and technological cooperation with their respective national security concerns, and addressing the trend towards weaponizing trade and international finance.

China and the rest of the world must co-exist, Vice President Wang Qishan said on Monday, in an indirect jab at the United States, with which Beijing is trying to resolve a bitter trade war.

The US-China trade truce is welcome news, but far from a resolution. To overcome the various uncertainties and structural challenges within the US-China relationship, we should turn this truce to a longer-term effort to restore trust, normal economic relations, and a strengthening of multilateralism.

The stark present of Sino-US distrust is a far cry from the nostalgic past of China-US cooperation since the Nixon era. Nonetheless, China’s deepening domestic reforms and revised strategic outlook bode well for the future — but will the US get the message?

Xi and Trump’s productive G20 meeting shows a path forward to resume negotiations and resolve the trade war. However, deep divides remain: America’s hawkish moves and focus on competition may serve as major stumbling blocks for a new round of talks.

Amid trade war and perceived China-US disagreement, silver linings are often ignored. But outside of Washington and Beijing, Sino-US cooperation is thriving at the local and private level, while China’s commitment to reform provides a stable foundation for the bilateral relationship.

To make America great again—or “keep America great,” as Trump’s reelection slogan goes—in plain language means effectively strengt